Al Khazna Insurance losses widen in Q4
Al Khazna Insurance Company (AKIC) said its losses rose 53 percent year-on-year in the fourth quarter of 2016, according to a bourse statement. Losses reached AED32.95 million (USD8.97 million) in Q4-16, compared to AED21.53 million (USD5.86 million) in Q4-15. In 2016, losses fell 30.2 percent to AED77.7 million from AED59.67 million in 2015.
