Sabb Takaful operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Sabb Takaful with three other
companies in this sector in Saudi Arabia:
Alinma Tokio Marine
sales of 149.37 million Saudi Riyals [US$39.83 million]
of which 62%
MetLife AIG ANB for Cooperative Insurance
(163.60 million Saudi Riyals [US$43.63 million]
of which 78%
was Health Insurance), and
CHUBB Arabia Cooperative Insurance Co SJSC
(147.94 million Saudi Riyals [US$39.45 million]
Sabb Takaful reported sales of 175.24 million Saudi Riyals (US$46.73 million)
December of 2016.
increase of 23.7%
versus 2015, when the company's sales were 141.63 million Saudi Riyals.
Despite this increase, sales are still
below the level achieved in 2014, when Sabb Takaful
reported sales of 247.14 million Saudi Riyals.
Sales of Individuals saw an increase
28.6% in 2016, from
95.48 million Saudi Riyals to 122.79 million Saudi Riyals.
Not all segments of Sabb Takaful experienced an increase in sales in 2016:
sales of General Takaful fell 8.8% to 5.94 million Saudi Riyals.
(However, this segment's sales were only a very small portion of the company's overall sales).