Al-Rajhi Company for Cooperative Insurance (ALRAJHI TAKAFUL) News - Mubasher Info
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Al-Rajhi Company for Cooperative Insurance (8230)

Last update: 4 December 2023 03:00 AM market time.
71.20
6.40
9.88%
Open 68.40
Previous Close 64.80
High 71.20
Low 66.70
Stock Statistics
Volume 460,356
Turnover 32,418,653.60
All data are 15 minutes late during market session

News

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29 February 11:51 AM Al Rajhi Takaful’s net profit soars 353% YoY in 2023
Riyadh – Mubasher: The net profit after zakat attributable to shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) surged 353.18% year-on-year (YoY) to SAR 328.06 million in 2023 from SAR 72.39 million. The insurance …
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4 December 2023 10:34 AM Al Rajhi Takaful unveils capital hike to SAR 1bn
Riyadh – Mubasher: The shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) agreed to increase its capital by 150% to SAR 1 billion from SAR 400 million. Al Rajhi Takaful will transfer SAR 600 million from the retained …
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6 November 2023 05:41 PM Al Rajhi Takaful reports 224% jump in 9M-23 net profit
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) achieved a net profit before Zakat of SAR 222.61 million in the first nine months (9M) of 2023, marking a 223.88% rise from SAR 68.73 million in 9M-22.   The earnings …
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6 June 2023 00:51 PM Al Rajhi Takaful obtains regulatory nod for SAR 600m capital raise
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) to increase its capital to SAR 1 billion from SAR 400 million. The 150% capital hike will be carried out …
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14 May 2023 03:32 PM Al Rajhi Takaful’s board recommends 150% capital raise via bonus shares
Riyadh – Mubasher: The board members of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) proposed a capital hike by 150% through the granting of 1.50 shares for each owned share, which is still subject to the approvals of official …
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1 March 2023 00:04 PM Alrajhi Takaful’s CEO resigns; Al Ghonaim succeeds
Riyadh – Mubasher: Mahmoud Salem Dahduli, the CEO of Al Rajhi Company for Cooperative Insurance (Alrajhi Takaful), resigned from his post on 21 February 2023 due to personal reasons.   The board accepted Dahduli’s resignation, which became …
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31 January 2023 06:02 PM Moody's affirms Alrajhi Takaful 'A3' IFS rating; outlook stable
Riyadh – Mubasher: Moody's Investors Service maintained the ‘A3’ insurance financial strength rating (IFSR) of Al Rajhi Company for Cooperative Insurance (Alrajhi Takaful) earlier in January 2023, with a stable outlook. The rating highlights the …
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18 September 2022 05:31 PM Al Rajhi Bank ups stake in Alrajhi Takaful
Riyadh – Mubasher: Al Rajhi Bank has increased its stake in Al-Rajhi Company for Cooperative Insurance (Alrajhi Takaful) to 35% after obtaining the Saudi Central Bank’s (SAMA) go-ahead.  The transaction aims to strengthen the bank’s role …
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7 March 2022 04:01 PM Al Rajhi Takaful’s profits fall 54% in 2021
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has recorded net profits before Zakat worth SAR 115.38 million in 2021, down 54.18% from SAR 251.84 million in 2020. Earnings per share decreased to SAR 2.46 in 2021 …
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17 November 2021 01:31 PM Al Rajhi Takaful signs bancassurance deal with Al Rajhi Bank
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has penned a bancassurance contract Al Rajhi Bank. Al Rajhi Takaful has been awarded the agreement on 16 November, which will be effective for 12 months, according to …
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27 September 2021 10:02 AM Al Rajhi Takaful awarded deal with Social Development Bank
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has been awarded a contract with Social Development Bank on Sunday, 26 September. Al Rajhi Takaful will provide life insurance services for the bank’s loan portfolio …
Earnings per share decreased to SAR 2.5 in H1-21
11 August 2021 03:01 PM Al Rajhi Takaful’s H1-21 profits fall 13.5%
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) achieved net profits before Zakat of SAR 114.18 million in the first half (H1) of 2021, down 13.5% from SAR 132.03 million in H1-20. Earnings per share decreased to …
The contract duration will be for one year until August 2022
3 August 2021 10:21 AM Al Rajhi Takaful inks mortgage insurance contract with Al Rajhi Bank
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has signed a contract with Al Rajhi Bank to provide mortgage insurance coverage for the bank’s clients. The insurance company was awarded the contract on 2 August …
Al Rajhi Takaful named Saud Abdullah Al Rajhi as the Vice Chairman
4 July 2021 00:48 PM Al Rajhi Takaful names Chairman, Vice Chairman for three-year term
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has appointed Abdullah Sulaiman Al Rajhi as the Chairman of the board for a three-year term starting 30 May 2021. Al Rajhi Takaful also named Saud Abdullah Al Rajhi …
The licence will be effective from 7 July 2021 until 6 July 2024
22 June 2021 04:26 PM SAMA renews Al Rajhi Takaful’s practice insurance licence
Riyadh – Mubasher: The Saudi Central Bank (SAMA) has renewed Al Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) practice insurance activity licence for three years, according to a bourse filing on Tuesday. The activity permit covers …
Dahduli will assume the CEO position as of 22 June
21 June 2021 05:27 PM Al Rajhi Takaful appoints CEO
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has appointed Mahmoud Salem Dahduli as the company’s CEO based on the board’s decision on 21 June. Dahduli will assume the CEO position as of 22 June, according to a …
Saudi insurance sector’s GWP stood at SAR 8.4 billion in Q4-20
18 April 2021 02:23 PM Saudi insurance sector’s net income shrinks 69% in Q4-20 – Aljazira Capital
Riyadh – Mubasher: The insurance sector in Saudi Arabia registered a drop of 69.1% year-on-year (YoY) in net income at SAR 94.5 million during the fourth quarter of 2020 (Q4-20). Net income before Zakat totalled SAR 266.2 million in Q4-20, …
The insurer's profits amounted to SAR 251.8 million in 2020.
3 March 2021 10:03 AM Al-Rajhi Takaful posts 131.3% profit hike in 2020
Riyadh – Mubasher: The net profit before Zakat of Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) increased by 131.3% in 2020 to SAR 251.8 million. The growth in the insurer’s net profits was backed by an improvement in net claims …
The resignation was submitted on 23 December 2020 for personal reasons.
4 January 2021 09:19 AM Al-Rajhi Takaful announces CEO resignation
Riyadh – Mubasher: The board of Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) accepted the resignation of the company’s CEO, Abdulaziz Mohammed Al Sedeas. The resignation was submitted on 23 December 2020 for personal reasons, …
The contract value exceeds 5% of the total annual written premium for 2020.
3 January 2021 09:22 AM Al-Rajhi Takaful renews motor insurance contract with ALJUF, UIS
Riyadh – Mubasher: Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) received approval from Abdul Latif Jameel United Finance Company Limited (ALJUF) and United Installment Sales Company Limited (UIS) to renew the motor insurance …
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3 November 2020 00:55 PM Al Rajhi Takaful achieves SAR 65m in quarterly profits
Riyadh – Mubasher: The third-quarter net profits of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) hit SAR 65.1 million, up by 7.4% from SAR 60.6 million in the prior-year period. The growing profits were supported by an improvement …
The rating captures the insurer’s good asset quality.
13 October 2020 10:11 AM Moody’s assigns ‘A3’ IFSR to Al Rajhi Takaful
Riyadh – Mubasher: Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), with a stable outlook.  The rating captures the insurer’s strong market …
The company's net written premiums fell by 7.22% yearly in Q2-20
11 August 2020 10:10 AM Al Rajhi for Cooperative Insurance Q2 profits jump 87%
Riyadh – Mubasher: The net profits before Zakat of Al Rajhi Company for Cooperative Insurance totalled SAR 95.71 million in the second quarter (Q2) of 2020, a surge of 87.38% when compared to SAR 51.08 million in Q2 of 2019. The positive interim …
The company’s GWP reached SAR 1.97 billion
4 November 2019 11:56 AM Al Rajhi Company generates SAR 2bn GWP in 9M
Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance posted a 21.7% year-on-year drop in its profits for the third quarter of 2019, recording SAR 60.5 million. Similarly, gross written premiums (GWP) plunged by 17.06% to SAR 583.3 in …
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26 September 2019 02:46 PM Investors seal SAR 18.27m deals for two Tadawul-listed stocks
Riyadh – Mubasher: The stocks of Banque Saudi Fransi and Company for Cooperative Insurance (Tawuniya) have seen SAR 18.27 million transactions during Thursday’s session on the Saudi Stock Exchange (Tadawul). Around 287,320 of the companies’ shares …