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Saudi Arabia

sabb takaful (SABBT) Snapshot

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sabb takaful (SABBT) Details

SABB Takaful Company provides takaful insurance plans to personal and business customers in the Kingdom of Saudi Arabia. It operates through three segments: Individual Family Takaful, Group Family Takaful, and General Takaful. The company offers various protection plans, including travel, home, and personal accident takaful products; and wealth management plans consisting of investment, saving, education, and retirement takaful products. It also provides business protection products comprising marine cargo, business interruption or loss of profit, public liability, keyman protection, fire-property all risks, group creditors, SME package, fidelity guarantee, and money takaful plans; and employee benefits products, including group personal accident and care plans. The company is headquartered in Riyadh, the Kingdom of Saudi Arabia.

sabb takaful (SABBT) Top Compensated Officers

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Executives, Board Directors

sabb takaful
SABB Takaful Company Announces Management Changes

SABB Takaful Co. announced the resignation of Mr. Husam Malaikah as the company's Acting CEO. The resignation was approved by the Board of Directors on May 16, 2019 to be effective on May 19, 2019 and his appointment as a senior advisor to the Board of Directors. The company Board of Directors approved the appointment of Mr. Hussam Alkhayal as the company CEO on April 11, 2019, to be effective on May 19, 2019. Mr. Alkhayal enjoys more than 12 years of experience in the in the banking and insurance sectors driving and leading growth and expansion.

Sabb Takaful Company Reports Earnings Results for the First Quarter Ended March 31, 2019

SABB Takaful Company announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced net income was SAR 1.522 million compared to SAR 600,000 a year ago.

SABB Takaful Company, Annual General Meeting, May 13, 2019

SABB Takaful Company, Annual General Meeting, May 13, 2019, at 18:30 Coordinated Universal Time.


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Valuation SABBT Industry Range
Price/Earnings 100.0x
Price/Sales 4.6x
Price/Book 1.7x
Price/Cash Flow 294.3x
TEV/Sales 2.7x

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