Dubai – Mubasher: Islamic Arab Insurance Company (SALAMA) swung to profits in the fourth quarter of 2016, according to a bourse filing.
The company reported net profits of AED 47.25 million ($12.86 million) in Q4-16, against losses of AED 83.64 million ($22.77 million) in Q4-15.
In 2016, losses rose 10.5% to AED 179.9 million from AED 162.8 million in 2015.
