Saudi Arabia .. Al -Rajhi Takaful shares achieve the largest daily gains in 10 months

Al -Rajhi Cooperative Insurance Company, Al -Rajhi Takaful, raised and traded in the Saudi market “Tadawul” by 9.25% during trading today, Monday, to trade at the price of 113.40 riyals per share, achieving the largest daily gains in 10 months.

The trading on the shares of Al -Rajhi Insurance Company at that time came through 613.83 thousand shares with a value of trading 68.44 million riyals.

The highest price of the share at that time was at 114 riyals, while the lowest price was at 103 riyals.

Al -Rajhi Cooperative Insurance Company (Al -Rajhi Takaful) recorded a slight increase in its net profit during 2024 by 1.3% on an annual basis.

Al -Rajhi Insurance Company logo

The company explained that the net profit after zakat and shareholders ’rights amounted to about 332.34 million Saudi riyals, compared to 328.06 million riyals in 2023.

Al -Rajhi Takaful attributed this growth to several factors, the most prominent of which is the high results of insurance services before reciprocity by 4.54%, to reach 728.12 million riyals, compared to 696.5 million riyals in the previous year, and this is mainly attributed to the growth of insurance operations.

The company also witnessed a remarkable growth in the total insurance revenue, which increased by 27.26% to record 5.39 billion riyals in 2024, compared to 4.24 billion riyals during the year 2023.

It should be noted that Al -Rajhi Takaful Company, which is listed in the Saudi financial market (Tadawul) since July 2009, has been working in the insurance sector with a focus on multiple insurance services. The company is located in Riyadh, and it was established in July 2008.