Economy Local November 14, 2024

Sharjah Insurance Company Reports Losses

Sharjah Insurance Company has incurred a loss of 269,000 AED in the first nine months of the current year. Additionally, Shuaa Capital recorded a net loss of approximately 148 million AED during the same period.


Sharjah Insurance Company Reports Losses

Sharjah Insurance Company incurred losses of 269 thousand dirhams over the first nine months of the current year.

According to Shuaa Capital, the net losses for the first nine months of the current year amounted to around 148 million dirhams.

"We acknowledge that the current results do not reflect and showcase the challenges we have faced this year," said a representative of Shuaa Capital.