Al Rajhi Company for Cooperative Insurance SJSC
SAU:8230

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Al Rajhi Company for Cooperative Insurance SJSC Logo
Al Rajhi Company for Cooperative Insurance SJSC
SAU:8230
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Price: 191 SAR 0.32% Market Closed
Market Cap: 19.1B SAR
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Al Rajhi Company for Cooperative Insurance SJSC
Net Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
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Annual
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Al Rajhi Company for Cooperative Insurance SJSC
Net Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income CAGR 3Y CAGR 5Y CAGR 10Y
Al Rajhi Company for Cooperative Insurance SJSC
SAU:8230
Net Income
ď·Ľ390.9m
CAGR 3-Years
19%
CAGR 5-Years
23%
CAGR 10-Years
48%
Company for Cooperative Insurance SJSC
SAU:8010
Net Income
ď·Ľ1.1B
CAGR 3-Years
38%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Mediterranean & Gulf Cooperative Insurance and Reinsurance Company SJSC
SAU:8030
Net Income
ď·Ľ156.9m
CAGR 3-Years
178%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Walaa Cooperative Insurance Company SJSC
SAU:8060
Net Income
ď·Ľ143.7m
CAGR 3-Years
N/A
CAGR 5-Years
56%
CAGR 10-Years
19%
C
CHUBB Arabia Cooperative Insurance Company SJSC
SAU:8240
Net Income
ď·Ľ27.1m
CAGR 3-Years
11%
CAGR 5-Years
-10%
CAGR 10-Years
8%
Gulf Insurance Group SJSC
SAU:8250
Net Income
ď·Ľ98.8m
CAGR 3-Years
-18%
CAGR 5-Years
-1%
CAGR 10-Years
18%
No Stocks Found

Al Rajhi Company for Cooperative Insurance SJSC
Glance View

Market Cap
19.1B SAR
Industry
Insurance

In the sprawling landscape of the Saudi Arabian insurance market, Al Rajhi Company for Cooperative Insurance SJSC, more commonly known as Al Rajhi Takaful, has carved a distinctive niche. It emerged from a vision that fused the principles of Islamic finance with the pragmatic needs of modern insurance. Operating on the Takaful model, which is a Sharia-compliant form of cooperative insurance, the company crafts its success story around mutual protection. This model allows participants to contribute to a pool of resources managed by Al Rajhi Takaful. When claims arise, these funds are used to pay policyholders, with the company earning a fee for managing the fund, thus aligning profit with ethical standards while fostering trust among its clients. Al Rajhi Takaful thrives primarily by offering a range of insurance products, including but not limited to, motor, health, and property insurance, each tailored to meet the specific needs of its clients while adhering to Islamic principles. The company continuously assesses risk and adjusts its pricing strategies, ensuring competitiveness and sustainability within the market. Its engagement in comprehensive risk management and customer service excellence has established Al Rajhi Takaful as a reputed name in this industry. Moreover, the company's strong alignment with Al Rajhi Bank, one of the largest Islamic banks in the world, provides it with a solid foundation of financial stability and customer trust, further enhancing its ability to attract a broad customer base and maintain steady revenue streams.

Intrinsic Value
147.9 SAR
Overvaluation 23%
Intrinsic Value
Price

See Also

What is Al Rajhi Company for Cooperative Insurance SJSC's Net Income?
Net Income
390.9m SAR

Based on the financial report for Sep 30, 2024, Al Rajhi Company for Cooperative Insurance SJSC's Net Income amounts to 390.9m SAR.

What is Al Rajhi Company for Cooperative Insurance SJSC's Net Income growth rate?
Net Income CAGR 10Y
48%

Over the last year, the Net Income growth was 67%. The average annual Net Income growth rates for Al Rajhi Company for Cooperative Insurance SJSC have been 19% over the past three years , 23% over the past five years , and 48% over the past ten years .

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