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MIC posts net income of $1.03 million in 2024

2025-02-18

According to the financial statements of Al-Mashriq Insurance Company MIC for the year 2024, Net profit after tax of the period reached 1,028,318 USD Compared with Net profit after tax 1,507,990 USD for 2023, a net decrease in profit of 31.81%.Total assets of the company reached 47,479,728 USD compared with total assets of 54,233,609 USD at the end of year 2023, a net decrease of 12.45%.Total liabilities of the company reached 26,377,376 USD compared with total liabilities of 33,725,111 USD at the end of year 2023, a net decrease of 21.78%. Net ownership equity of the company reached 21,102,352 USD (Including Non-Controlling Interests of 4,805,376 USD) compared with total owner equity of 20,508,498 USD (Including Non-Controlling Interests of 5,106,915 USD) at the end of year 2023, a net increase of 2.90%.Noting that paid-in capital increased from 8,000,000 USD in year 2023 to 9,000,000 USD of this year,a net increase of 12.50%