Aljazira Takaful Taawuni Co (JAZIRA TAKAFUL) News - Mubasher Info
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19 April 12:49 PM

Aljazira Takaful Taawuni Co (8012)

Last update: 12:31 PM market time.
11.89
0.10
0.85%
Open 11.82
Previous Close 11.79
High 12.07
Low 11.79
Stock Statistics
Volume 203,026
Turnover 2,422,273.57
All data are 15 minutes late during market session

News

Net written premiums totalled SAR 12.63 million in Q1-21
19 May 2021 10:32 AM Aljazira Takaful records SAR 14m profits in Q1
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 …
Financial Results
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, …
Sector Reports
Aljazira Takaful’s new capital would stand at SAR 550 million
6 April 2021 10:51 AM Aljazira Takaful’s board proposes 17% capital hike
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 …
Management Decisions
The rise in profits is due to a rise in net underwriting income
24 March 2021 02:17 PM Aljazira Takaful sees 6% higher net profits in 2020
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 …
Financial Results
Photo Archive
2 March 2021 10:25 AM Tadawul delists Solidarity’s shares after merger with Aljazira Takaful
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 …
Mergers and Acquisitions
Solidarity’s losses for 2020 were SAR 69.8 million.
28 February 2021 09:24 AM Solidarity’s annual losses up; merger with Aljazira Takaful effective
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 …
Financial Results
Photo Archive
27 January 2021 09:33 AM Aljazira Takaful’s EGM greenlights capital raise to merge with Solidarity
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 …
Mergers and Acquisitions
The merger will be carried out through a securities exchange offer.
23 December 2020 04:55 PM CMA approves Aljazira Takaful’s capital hike to merge with Solidarity
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Aljazira Takaful Taawuni Company’s request to increase its capital from SAR 350 million to SAR 470.6 million by issuing 12.1 million ordinary shares to merge with Solidarity Saudi …
Companies Investments
Photo Archive
1 December 2020 09:19 AM Aljazira Takaful receives go-ahead to merge with Solidarity
Riyadh – Mubasher: Aljazira Takaful Taawuni Company announced receiving a no-objection letter from the Saudi Central Bank (SAMA) to merge with Solidarity Saudi Takaful Company. The two insurers will continue working to obtain other necessary …
Corporate Actions
The insurer's quarterly profits stood at SAR 7.9 million.
8 November 2020 10:00 AM Aljazira Takaful reports 14% profit decline in Q3
Riyadh – Mubasher: Aljazira Takaful Taawuni Company reported on Sunday a 13.8% annual slump in quarterly profits to SAR 7.9 million. This drop was driven by an increase in shareholders’ general and administrative expenses by 208%, the company said …
Financial Results
The deal will have a direct effect on the insurer’s financial statements for 2020 and 2021.
7 October 2020 09:29 AM Aljazira Takaful pens SAR 19m deal with Bank AlJazira
Riyadh – Mubasher: Aljazira Takaful Taawuni Company inked an agreement worth SAR 19.211 million with Bank AlJazira to provide protection services for the personal finance portfolio of the bank’s clients. The contract is effective for one year …
Board of Directors
This agreement will have a direct impact on the bank's financial statements
6 October 2020 04:32 PM Bank AlJazira inks SAR 22m agreement with Aljazira Takaful
Riyadh – Mubasher: Bank AlJazira has signed a SAR 21.81 million agreement with Aljazira Takaful Taawuni Company which will provide mortgage portfolio protection services for the bank's clients. The agreement will be effective for a year starting 8 …
Banking and Finance
The two insurers signed an amended non-binding MoU in January
24 August 2020 09:53 AM Aljazira Takaful, Solidarity ink binding merger deal
Riyadh – Mubasher: Aljazira Takaful Taawuni Company has signed a binding merger agreement with Solidarity Saudi Takaful Company on 23 August 2020 to acquire the latter’s entire issued shares. The merger will be implemented via a share swap where …
Companies Investments
Net written premiums came in at SAR 38.51 million in Q2-20
23 August 2020 08:58 AM Aljazira Takaful records 40% higher profits in Q2
Riyadh – Mubasher: Aljazira Takaful Taawuni Company reported on Sunday a 40.26% growth in profits during the second quarter (Q2) of 2020 at SAR 14.14 million from SAR 10.1 million in the prior-year period. The rise in Q2-20 profits was helped by a …
Financial Results
Net written premiums advanced by 145.9% YoY in Q1
18 June 2020 11:04 AM Aljazira Takaful’s profits rise 80% in Q1-20
Riyadh – Mubasher: Aljazira Takaful Taawuni Company recorded net profits before Zakat worth SAR 13.41 million over the first quarter (Q1) of 2020, 80% more than SAR 7.4 million in the same period of the previous year. Net written premiums (NWP) …
Financial Results
Bank Aljazira owns a 30% stake in Aljazira Takaful
18 June 2020 10:43 AM Bank AlJazira hands over insurance portfolio to Aljazira Takaful
Riyadh - Mubasher: Bank AlJazira has completed the procedures to transfer its insurance portfolio to Aljazira Takaful Taawuni Company effective as of 1 January 2020. The transaction’s material impact is likely to reflect on the lender’s and the …
Companies Investments
Photo Archive
31 May 2020 01:01 PM Aljazira Takaful inks SAR 2m deal with Bank AlJazira
Riyadh – Mubasher: Aljazira Takaful Taawuni Company on Sunday has signed an insurance contract worth SAR 2.3 million with Bank AlJazira for the renewal of the collective protection plan for the banks’ employees. The plan has been renewed for …
Banking and Finance
The new agreement is valid for around eight months
20 January 2020 11:51 AM Solidarity, Aljazira Takaful ink new merger MoU
Riyadh – Mubasher: Solidarity Saudi Takaful Company and Aljazira Takaful Taawuni Company have signed an amended non-binding memorandum of understanding (MoU) to evaluate a potential merger between the two firms. Accordingly, the two companies will …
Companies Investments
The transfer will come into effect starting next year
24 December 2019 10:40 AM Bank Aljazira to hand over insurance portfolio to subsidiary
Riyadh – Mubasher: Bank Aljazira announced that it has received the approval of the Saudi Arabian Monetary Authority (SAMA) to transfer its insurance portfolio to Aljazira Takaful Taawuni Company. The transfer will come into effect from the …
Management Decisions
Bank Al Jazira's OGM previously approved the two agreements
8 October 2019 00:17 PM Bank Al Jazira inks SAR 40m insurance deals with unit
Riyadh – Mubasher: Bank Al Jazira signed two insurance agreements with its subsidiary, Al Jazira Takaful Taawuni Company, at a total value of SAR 40 million. The first agreement stipulates the protection of the real estate finance portfolio of the …
Companies Investments
The new adviser will manage the potential merger with Solidarity Saudi Takaful Company
1 August 2019 03:22 PM Al Jazira Takaful appoints FALCOM as financial adviser
Riyadh – Mubasher: Al Jazira Takaful Taawuni Company has appointed FALCOM Financial Services as a financial adviser instead of Al Jazira Capital. The new adviser will manage the potential merger with Solidarity Saudi Takaful Company, according to …
Corporate Actions
Ziad Bin Tareq Aba Al Khail was also appointed as the company’s vice-chairman
25 July 2019 06:05 PM Aljazira Takaful appoints new chairman
Riyadh – Mubasher: Aljazira Takaful Taawuni Company appointed Abdul Majeed Bin Ibrahim Abdul Mohsen Al Sultan as the board’s new chairman. Ziad Bin Tareq Aba Al Khail was also appointed as the company’s vice-chairman, according to a bourse filing …
Company News
27 June 2019 11:14 AM Aljazira Takaful, Solidarity ink MoU for potential merger
Riyadh – Mubasher: Solidarity Saudi Takaful Company and Aljazira Takaful Taawuni Company signed a non-binding memorandum of understanding (MoU) for a potential merger between the two companies. Both companies will conduct technical, financial, …
Companies Investments
Net profit stood at SAR 8.09 million in Q4-17
12 February 2018 10:13 AM Aljazira Takaful Q4 profit up 7%
Riyadh – Mubasher: Aljazira Takaful Taawuni Co on Monday reported a 7.3% year-on-year rise and an 18.39% quarter-on-quarter surge in net profit for the fourth quarter of 2017. Net profit stood at SAR 8.09 million in Q4-17, up from SAR 7.53 million …
Financial Results
Photo Credit: Arabianeye-Reuters
18 May 2017 04:00 PM Bank AlJazira inks deals with Al Jazira Takaful
Riyadh – Mubasher: Bank AlJazira on Thursday has signed an agreement with Al Jazira Takaful Taawuni Co, with a duration period of one year. The deal value stands at about SAR 696,300 with estimates of no financial impact, according to a bourse …
Companies Investments