Saudi Arabia:Al Rajhi Takaful's 2023 net profit jumps by over 350%

By MEIR team | 03 Mar 2024

Saudi Arabia Takaful Financial Performance

The net profit after zakat attributable to shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), one of the largest insurers in Saudi Arabia, surged 353.18% year-on-year (YoY) to SAR328.06m ($87.5m) in 2023 from SAR72.39m.

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