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Saudi ins. income climbs as smaller players narrow losses –Moody’s
Saudi Arabia’s ins. sector is showing signs of recovery, with stronger earnings
Deutsche Bank gets RHQ license, Tawuniya’s Fitch outlook slips, Najran gets a leisure hub
Deutsche Bank makes Riyadh its Middle East base with regional headquarters license
A mixed bag of earnings from utilities, retail, and ins.
Earnings come in from Saudi Energy, Savola Group, Nahdi Medical, Saudi Ground Services, and ins. players
Mixed 2025 earnings for Saudi’s ins. sector
Tawuniya, Al Rajhi Takaful, and GIG report rising net income for 2025, Saudi Re declines against a high 2024 baseline
Big players dominate ins. market in 3Q as smaller firms falter
High claims and costs were commonly cited as reasons for the bottom-line pinch
Tawuniya’s net income drops 12% in 3Q
ALSO- Mouwasat logs a 33% increase in bottomline
Tawuniya, Ades Holding, Dallah Healthcare, Retal, Jabal Omar report 2Q earnings
Among Tawuniya’s expansion plan, it will launch MENA Primary Healthcare, establish a reinsurance company, and invest in seven companies within…
Roads Code updated to pave the way for autonomous vehicles
ALSO- Almoosa awarded a SAR 192 mn contract to Masah Specialized Contracting
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