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NIC posts net income of $0.70 million in Q1 2024


According to the financial statements of the National Insurance Company NIC for the 1st Quarter of 2024, Net profit after tax of the period reached 700,304 USD Compared with Net Loss after tax (1,098,976) USD for 2023.Total assets of the company reached 113,373,009 USD compared with total assets of 110,594,851 USD at the end of year 2023, a net increase of 2.51%.Total liabilities of the company reached 71,310,476 USD compared with total liabilities of 66,956,613 USD at the end of year 2023, a net increase of 6.50%. Net ownership equity of the company reached 42,062,533 USD (Including Non-Controlling Interests of 1,520,345 USD) compared with total owner equity of 43,638,238 USD (Including Non-Controlling Interests of 1,663,462 USD) at the end of year 2023, a net decrease of 3.61%.



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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