Financial and Banking News
ARIG Profits up Sharply
Profits of the Bahrain-based Arab Insurance Group (ARIG) increased sharply during 1985 from $2.8mn to $11.9mn as a result of a big increase in investment income from $20.1mn to $32.4mn. The company earned $88mn in premium income, of which 31.1% came from the Arab market, 16.1% from the European market, 14% from Asia and 19.7% from the Americas. Technical reserves stood at $115.3mn at the end of 1985, which was the...