Mission
Vision
Values
Our values focus on market leadership through customer-centric innovation and superior service. We prioritise understanding and fulfilling client needs, fostering trust and reliability. Our unified team innovates while respecting cultural and ethical norms, ensuring we lead in the dynamic insurance landscape and align with community standards and expectations.
Al Rajhi Takaful prides itself on its adherence to Islamic principles and values, ensuring excellence in customer care in all its operations. This commitment is reflected in the company’s vision of “Reinventing insurance for the Kingdom” and its mission to offer protection through reliable, affordable, and innovative solutions. The company’s focus on modular, customer-centric products, combined with operational excellence and leading customer service, demonstrates its dedication to meeting the evolving needs of its clients.
A pivotal aspect of Al Rajhi Takaful’s strategy is its robust digital transformation, fostering continuous engagement, and maximizing digitisation and automation to improve service delivery.
| Key Indicators (SAR'Mn) | 2022 | 2023 |
|---|---|---|
| Income statement | ||
| Insurance revenue | 2,935 | 4,236 |
| Insurance service result | 59 | 319 |
| Net insurance and invesment result | 168 | 441 |
| Net income before zakat | 83 | 338 |
| Net income after zakat | 72 | 328 |
| Balance sheet | ||
| Total assets | 4,331 | 6,824 |
| Total liabilities | 3,004 | 5,101 |
| Total equity | 1,327 | 1,723 |
| Cash flow | ||
| Net cash from operating activities | 471 | 1,837 |
| Net cash (used in) / from investing activities | (363) | (1,480) |
| Net cash used in financing activities | (8) | (10) |
| Key performance indicators (%) | ||
| Basic EPS from net profit for the year (SAR) | 0.72 | 3.28 |
| Return on equity | 5.5% | 21.5% |
| Return on assets | 1.7% | 5.9% |
