SABB Takaful Co

Riyadh - Mubasher: Hussam Abdulrahman Al Khayal submitted his resignation from his position as the CEO of SABB Takaful Company on 17 October 2022 due to personal reasons. Following the board’s approval, the resignation has come into effect on 18 …

Riyadh – Mubasher: SABB Takaful Company inked a SAR 17.31 million contract with Al Olayan Group on 30 September 2022 for general insurance programmes. The value of the contract represents more than 1% of the Saudi listed firm’s revenues in 2021, …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Walaa Cooperative Insurance Company greenlighted a capital raise to SAR 850.58 million from SAR 646.39 million for a merger with SABB Takaful Company. The merging process will be …

Riyadh - Mubasher: SABB Takaful Company has appointed Mohammed Alshayea as its new chairman of the board for the coming three years. The company also named Yasser Albarrak as the vice chairman, according to a bourse disclosure. The Saudi Central …

Riyadh – Mubasher: SABB Takaful Company has turned to net profits before Zakat worth SAR 1.31 million last year, against net losses of SAR 26.53 million in 2020. The loss per share declined to SAR 0.17 in 2021 from SAR 0.92 in 2020, according to …

Riyadh – Mubasher: SABB Takaful Company has renewed the group creditor policy that is worth SAR 94 million for the Saudi British Bank (SABB), according to a bourse disclosure. The policy has been extended for one year starting 1 February 2022. The …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) has approved for SABB Takaful Company to renew its licence to practice insurance activity in Saudi Arabia. Approved on 19 December 2021, the three-year licence will cover general insurance as well …

Riyadh – Mubasher: SABB Takaful Company achieved net profits before Zakat worth SAR 1.76 million in the third quarter (Q3) of 2021 against losses worth SAR 5.58 million in Q3-20. On a quarterly basis, the net profits in Q3-21 were 45.5% lower than …

Riyadh – Mubasher: SABB Takaful Company has won a SAR 18.139 million general insurance programmes contract with Al Olayan Group. The contract's amount is more than 1% of the revenue based on the audited financial statements for 2020, according to …

Riyadh – Mubasher: SABB Takaful Company has renewed a Group Care policy worth SAR 3.9 million with the Saudi British Bank (SABB), according to a bourse disclosure. The contract has been extended for 12 months starting 1 October 2021, covering the …

Riyadh – Mubasher: SABB Takaful Company recorded net profits before Zakat worth SAR 5.32 million in the first half (H1) of 2021, against losses of SAR 11.9 million in H1-20. The earnings per share stood at SAR 0.05 in H1-21, versus a loss per …

Riyadh – Mubasher: SABB Takaful Company achieved a net profit before Zakat worth SAR 1.88 million in the first quarter (Q1) of 2021, against net losses of SAR 10.41 million in Q1-20, according to the interim financial results. The company reported …

Riyadh – Mubasher: The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching SAR 5.58 million. This is compared to SAR 2.7 million worth of losses in the year-ago quarter, according to a …

Riyadh – Mubasher: SABB Takaful Co on Thursday announced the awarding of general insurance policies programmes with The Olayan Group. The total contribution is more than 1% of revenues as per the insurer’s audited financials for 2019. The …

Riyadh – Mubasher: SABB Takaful Co renewed the Property All Risk Insurance Policy with Saudi British Bank (SABB) on 28 September. Total contribution exceeds 1% of the revenue as per the insurer’s audited financials for 2019 with the subscription …

Riyadh – Mubasher: SABB Takaful Co signed a new group life insurance contract with The Olayan Group and its subsidiaries for one year. The contract's value exceeds 1% of revenue as per the insurer’s audited financial statements for 2019 with a …

Riyadh - Mubasher: Saudi British Bank (SABB) has joined the Securities Clearing Centre Company (Muqassa) to conduct clearing activities in the Saudi Stock Exchange (Tadawul). By joining the membership of Muqassa on 14 July, the bank will play a …

Riyadh – Mubasher: SABB Takaful has appointed Bashaar AlQunaibt as deputy chairman of the board of directors, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Monday. The appointment is based on the Saudi Arabian Monetary …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has imposed a SAR 40,000 fine on SABB Takaful due to the company’s violation of paragraph (5) of Article (63) of the rules and regulations on the offer of securities and continuing …

Riyadh – Mubasher: SABB Takaful Company announced a contract signoff with Saudi British Bank (SABB), according to a bourse filing. SABB Takaful Company has issued new policy money and fidelity all risks premises insurance cover in the name of …

Riyadh – Mubasher: Saudi British Bank (SABB) and HSBC Bahrain have used blockchain technology to finance international trade, for the first time in Saudi Arabia and Bahrain. “The move puts Saudi Arabia and Bahrain at the forefront of global trade, …

Riyadh – Mubasher: SABB Takaful Company reported a 19.9% decline in net losses during the third quarter (Q3) of the year, as shown by the company’s interim financial results. Losses amounted to SAR 2.684 million in Q3-19, compared with SAR 3.349 …

Riyadh – Mubasher: SABB Takaful Company has renewed three policies with the Saudi British Bank (SABB) valued at SAR 64.4 million. The three policies are the property all-risk insurance policy, group creditor policy, and group credit card policy, …

Riyadh – Mubasher: SABB Takaful Company has renewed the Group Care policy for SABB Bank after obtaining the renewal approval from Marsh Broker. The contribution amount is valued at SAR 3.448 million, SABB Takaful said in a disclosure to the Saudi …

Riyadh – Mubasher: The board of SABB Takaful Company approved the appointment of Hussam Alkhayal as the company’s new CEO. The decision becomes effective starting from Sunday, 19 May, according to a recent statement to the Saudi Stock Exchange …