Al Rajhi Company for Cooperative Insurance SJSC
SAU:8230
Al Rajhi Company for Cooperative Insurance SJSC
Revenue
Al Rajhi Company for Cooperative Insurance SJSC
Revenue Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Revenue | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Al Rajhi Company for Cooperative Insurance SJSC
SAU:8230
|
Revenue
ď·Ľ5.1B
|
CAGR 3-Years
29%
|
CAGR 5-Years
13%
|
CAGR 10-Years
20%
|
|
|
Company for Cooperative Insurance SJSC
SAU:8010
|
Revenue
ď·Ľ17.2B
|
CAGR 3-Years
28%
|
CAGR 5-Years
19%
|
CAGR 10-Years
12%
|
|
|
Mediterranean & Gulf Cooperative Insurance and Reinsurance Company SJSC
SAU:8030
|
Revenue
ď·Ľ3.2B
|
CAGR 3-Years
23%
|
CAGR 5-Years
9%
|
CAGR 10-Years
0%
|
|
|
Walaa Cooperative Insurance Company SJSC
SAU:8060
|
Revenue
ď·Ľ2.1B
|
CAGR 3-Years
22%
|
CAGR 5-Years
23%
|
CAGR 10-Years
21%
|
|
|
C
|
CHUBB Arabia Cooperative Insurance Company SJSC
SAU:8240
|
Revenue
ď·Ľ195.8m
|
CAGR 3-Years
15%
|
CAGR 5-Years
10%
|
CAGR 10-Years
5%
|
|
|
Gulf Insurance Group SJSC
SAU:8250
|
Revenue
ď·Ľ1.3B
|
CAGR 3-Years
-1%
|
CAGR 5-Years
0%
|
CAGR 10-Years
4%
|
|
Al Rajhi Company for Cooperative Insurance SJSC
Glance View
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.
See Also
What is Al Rajhi Company for Cooperative Insurance SJSC's Revenue?
Revenue
5.1B
SAR
Based on the financial report for Dec 31, 2024, Al Rajhi Company for Cooperative Insurance SJSC's Revenue amounts to 5.1B SAR.
What is Al Rajhi Company for Cooperative Insurance SJSC's Revenue growth rate?
Revenue CAGR 10Y
20%
Over the last year, the Revenue growth was 28%. The average annual Revenue growth rates for Al Rajhi Company for Cooperative Insurance SJSC have been 29% over the past three years , 13% over the past five years , and 20% over the past ten years .
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