Solidarity Saudi Takaful operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Solidarity Saudi Takaful with three other
companies in this sector in Saudi Arabia:
Al Alamiya For Cooperative Insurance Company
sales of 233.50 million Saudi Riyals [US$62.27 million]
of which 53%
(175.24 million Saudi Riyals [US$46.73 million]
of which 70%
was Individuals), and
MetLife AIG ANB for Cooperative Insurance
(163.60 million Saudi Riyals [US$43.63 million]
of which 78%
was Health Insurance).
Solidarity Saudi Takaful reported sales of 232.01 million Saudi Riyals (US$61.87 million)
December of 2016.
increase of 8.7%
versus 2015, when the company's sales were 213.45 million Saudi Riyals.
Sales at Solidarity Saudi Takaful have increased during each of the previous five years
(and since 2011, sales have increased a total of 7,431%).
Sales of Engineering saw an increase
that was more than double the company's growth rate: sales were up
135.7% in 2016, from
768,646.00 Saudi Riyals to 1.81 million Saudi Riyals.
Solidarity Saudi Takaful also saw significant increases in sales in
Health Insurance (up 125.9% to 134.86 million Saudi Riyals)
General (up 12.1% to 2.82 million Saudi Riyals)
Group (up 12.8% to 17.54 million Saudi Riyals)
Not all segments of Solidarity Saudi Takaful experienced an increase in sales in 2016:
sales of Vehicles fell 47.0% to 66.45 million Saudi Riyals.
Solidarity Saudi Takaful also experienced decreases in sales in
Fire and Property (down 30.2% to 662,707.00 Saudi Riyals)
Other (down 16.4% to 404,348.00 Saudi Riyals)