Aljazira Takaful Taawuni Co (8012)

Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Aljazira Takaful Taawuni Company grew 14.88% year-on-year (YoY) to SAR 44.25 million in 2023 from SAR 38.52 million. Insurance revenues jumped 36.89% YoY to SAR 301.95 …

Riyadh – Mubasher: The net profits before Zakat of Aljazira Takaful Taawuni Company reached SAR 44.17 million in the first nine months (9M) of 2023, a surge of 51.03% compared to SAR 29.25 million in the same period last year. The earnings per …

Riyadh – Mubasher: The net profits before Zakat of Aljazira Takaful Taawuni Company reached SAR 7.90 million in the first quarter (Q1) of 2023, marking a year-on-year (YoY) plunge of 53.48% from SAR 16.98 million. The insurance firm registered …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company generated net profits before Zakat worth SAR 30.28 million in 2022, an annual growth of 37.90% from SAR 21.96 million. The earnings per share (EPS) stood at SAR 0.52 last year, higher than SAR …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company signed on 9 November 2022 facility agreements at a combined value of SAR 49.06 million with Bank Al Jazira to provide credit insurance plans for personal and mortgage loans. The first deal which …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company posted a 23.83% jump in net profit before Zakat to SAR 26.15 million during the first nine months (9M) of 2022, versus SAR 21.12 million in 9M-21. The earnings per share (EPS) edged down to SAR …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company has named Abdul Majeed bin Ibrahim Al Sultan as the board’s new Chairman for the next three years, according to a bourse disclosure. The Saudi listed firm also appointed Naif bin Abdulkarim Al …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company generated a net profit before Zakat of SAR 15.88 million during the first half (H1) of 2022, up 0.79% from SAR 15.76 million in the same period a year earlier. Profit per share amounted to SAR …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company reported a 32.45% year-on-year (YoY) decrease in net profits before Zakat to SAR 9.44 million in the first quarter (Q1) of 2022 from SAR 13.98 million, according to the company's interim …

Riyadh – Mubasher: Bank Aljazira has penned four agreements with Aljazira Takaful Taawuni Company at a combined value of SAR 8.56 million. The two parties inked a contract worth SAR 329,743 to provide insurance coverage for all property risks. …

Riyadh – Mubasher: The shareholders of Aljazira Takaful Taawuni Company approved, during the extraordinary general meeting (EGM), to increase the capital by 16.86% after granting 0.1686 shares for every one owned share. The company will capitalise …

Riyadh – Mubasher: The net profits before zakat of Aljazira Takaful Taawuni Company plunged by 40.407% year-on-year (YoY) to SAR 21.122 million during the first nine months of 2021 from SAR 35.444 million. The company's net incurred claims hiked …

Riyadh – Mubasher: Bank Aljazira announced signing two agreements with Aljazira Takaful Taawuni Company, according to two bourse disclosures on Thursday.  The first agreement is a real estate financing portfolio protection services deal valued …

Riyadh – Mubasher: Bank Aljazira has signed a bancassurance distribution agreement with Aljazira Takaful Taawuni Company, the two entities said in separate disclosures on Sunday. The value of the one-year contract could not be determined, as the …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Aljazira Takaful Taawuni Company to increase the capital by SAR 79.33 million through bonus shares. The company will issue 7.93 million new shares as one bonus …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company reported SAR 15.76 million in net profits before Zakat during the first half (H1) of 2021, down by 42.8% year-on-year (YoY) from SAR 27.55 million.  The profit drop was mainly ascribed to lower …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company received the Saudi Central Bank’s (SAMA) approval to increase the capital by granting 0.1686 bonus shares for every one owned share. The company will raise the capital to SAR 550 million from SAR …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company has appointed Khaild Alothman as the Vice Chairman of the board as of 30 May 2021. Alothman will assume this position until 1 July 2022, according to a bourse disclosure on Monday. The new Vice …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company achieved a net profit before Zakat of SAR 19.98 million during the first quarter (Q1) of 2021, a 4% increase from SAR 13.41 million in the same period in 2020. Earnings per share stood at SAR …

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, …

Riyadh – Mubasher: The board of Aljazira Takaful Taawuni recommended, on 5 April, increasing capital by 16.86% through the issuance of bonus shares. The company will distribute 0.1686 bonus share per each original share, according to a disclosure …

Riyadh – Mubasher: The net profits before Zakat of Aljazira Takaful Taawuni Company increased by 5.92% to SAR 39.989 million in 2020 from SAR 37.755 million in 2019.  Higher net profits are mainly driven by a rise in net underwriting income by SAR …

Riyadh – Mubasher: Shares of Solidarity Saudi Takaful Company were delisted from the Saudi Stock Exchange (Tadawul) on Monday, 1 March 2021, the Saudi bourse said in a statement on Tuesday. The step comes after Solidarity had announced the end of …

Riyadh – Mubasher: Solidarity Saudi Takaful Company’s net losses before Zakat amounted to SAR 69.8 million during 2020, an increase of 59% from SAR 43.9 million in 2019. The hike in the insurer's annual losses was ascribed to lower gross written …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Aljazira Takaful Taawuni Company approved raising the firm’s capital from SAR 350 million to SAR 470.7 million to merge with Solidarity Saudi Takaful Company. The EGM consented …