Al Khazna Insurance's losses reached AED 32.95 million ($8.97 million) in Q4-16 (Photo Credit: Arabianeye-Reuters)
Al Khazna Insurance
AKIC
AKIC
Abu Dhabi – Mubasher: Al Khazna Insurance Company (AKIC) said its losses rose 53% year-on-year in the fourth quarter of 2016, according to a bourse statement.
Losses reached AED 32.95 million ($8.97 million) in Q4-16, compared to AED 21.53 million ($5.86 million) in Q4-15.
In 2016, losses fell 30.2% to AED 77.7 million from AED 59.67 million in 2015.
Source:
Mubasher
