End Financial Statements of AL MASHRIQ INSURANCE(MIC) for the year 2016

According to financial statements for year 2016, Net profit after tax of the period reached 1,109,327 USD Compared with Net profit after tax 673,661 USD for 2015, a net increase in profit of 64.67%.Total assets of the company reached 33,567,131 USD compared with total assets of 30,017,509 USD at the end of year 2015, a net increase of 11.83%.Total liabilities of the company reached 25,397,432 USD compared with total liabilities of 22,702,034 USD at the end of year 2015, a net increase of 11.87%. Net ownership equity of the company reached 8,169,699 USD (Including None-Controlling Interests of 4,864,030 USD) compared with total owner equity of 7,315,475 USD (Including None-Controlling Interests of 5,108,476 USD) at the end of year 2015, a net increase of 11.68%.

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