Riyadh – Mubasher: AXA Cooperative Insurance Company has reported an 18.5% rise in net profits before Zakat in the third quarter of 2019, as shown by the company’s interim financial results.

The company’s net profit amounted to SAR 22.549 million in Q3-19, compared with SAR 19.034 million for the same period last year, according to a statement to the Saudi Stock Exchange (Tadawul).

Moreover, net profit increased in the first nine months of 2019 by 30.1% to SAR 79.85 million, up from SAR 61.38 million in the same period last year.