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GUI posts net income of $0.41 million in Q1 2024


According to the financial statements of Global United Insurance Company GUI for the 1st Quarter of 2024, Net profit after tax of the period reached 405,569 USD Compared with Net profit after tax 560,147 USD for 2023, a net decrease in profit of 27.60%.Total assets of the company reached 64,125,704 USD compared with total assets of 63,030,100 USD at the end of year 2023, a net increase of 1.74%.Total liabilities of the company reached 40,468,948 USD compared with total liabilities of 39,778,913 USD at the end of year 2023, a net increase of 1.73%. Net ownership equity of the company reached 23,656,756 USD (Including Non-Controlling Interests of 169,486 USD) compared with total owner equity of 23,251,187 USD (Including Non-Controlling Interests of 167,401 USD) at the end of year 2023, a net increase of 1.74%.



Al-Quds Index continued to decline amid lack of general incentives

The PEX records average PE of 19.7x and average P/BV of 1.10x in Q1 2024

JCC approves distributing 10% cash dividends for the year 2023



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