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MIC posts net income of $0.20 million in H1 2025

2025-08-17

According to the financial statements of Al-Mashriq Insurance Company MIC for the first half of 2025, Net profit after tax of the period reached 196,014 USD Compared with Net profit after tax 632,925 USD for 2024, a net decrease in profit of 69.03%.Total assets of the company reached 49,385,286 USD compared with total assets of 47,472,011 USD at the end of year 2024, a net increase of 4.03%.Total liabilities of the company reached 26,977,047 USD compared with total liabilities of 26,377,067 USD at the end of year 2024, a net increase of 2.27%. Net ownership equity of the company reached 22,408,239 USD (Including Non-Controlling Interests of 4,824,517 USD) compared with total owner equity of 21,094,944 USD (Including Non-Controlling Interests of 4,805,376 USD) at the end of year 2024, a net increase of 6.23%.Noting that paid-in capital increased from 9,000,000 USD in year 2024 to 10,500,000 USD of this year,a net increase of 16.67%.