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Aljazira Takaful Taawuni Company JSC (Saudi Arabia)

Main Activities: Direct Life, Health, and Medical Insurance Carriers
Full name: Aljazira Takaful Taawuni Company JSC Profile Updated: July 04, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

AlJazira Takaful Taawuni Company is a Saudi Joint Stock Company located in Jeddah, Saudi Arabia. It was incorporated on April 12, 2010, and obtained its Commercial Registration on July 10, 2013. The company operates exclusively within the Kingdom of Saudi Arabia. Its main objective is to provide insurance products, including protection and saving insurance, and related services in accordance with its By-Laws and applicable regulations. On January 26, 2021, the company amended its By-Laws to include the objective of practicing general insurance and health insurance business. The company is predominantly owned by Saudi shareholders, accounting for 97.9% of ownership, while non-Saudi shareholders own 2.10%.

Headquarters
Mosadia Plaza(3)- Almadinah Road, P.O Box 5215
Jeddah; Mecca Region; Postal Code: 21422

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Website: http://aljaziratakaful.com.sa

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2010
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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65.64%
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22.309%
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5%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
665.25%
Operating profit (EBIT)
-40.03%
Net Profit (Loss) for the Period
-2.53%
Total assets
9.97%
Investments
15.27%
Total equity
5.12%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-0.19%
Underwriting Expenses Ratio
-88.71%

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