Mubasher: Arab Insurance Group (Arig) achieved $5.76 million worth profit during the fourth quarter of 2016 versus losses of $5.82 million in the same period of 2015.

Arig, which is listed on both Bahrain Bourse and Dubai Financial Market, recorded profits worth $9.16 million during the fiscal year of 2016 against losses of $4.42 million in the previous fiscal year of 2015, according to a bourse statement issued on Tuesday.