Mubasher: The Bahrain and Dubai-listed Arab Insurance Group (Arig) reported net loss in the third quarter of 2017.

The company incurred a $28,000 in net loss in Q3-17, compared to $1.7 million net profits attributable to the shareholders in the year-ago period.

Arig’s net profits attributable to the shareholders increased by 20.5% to $4.1 million in the first nine months of 2017, versus $3.4 million in the comparative period of 2016, according to Albayan newspaper.