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14/01/2016 17:17 AST
SABB Takaful Company announces that the Audit Committee confirmed today 14/1/2016 the technical reserves in the statement of reserves received from the Appointed Actuary in which includes a material increase in Unit reserve as a result of changing the calculation methodology of Unit reserve to comply with the regulations to have the Unit reserve equals the value of the respective underlying asset. The net increase in unit reserve is SAR 8.96 million when compared to the difference between Unit reserve and AFS investments for the previous quarter. The financial impact will be reflected negatively on the income statement for takaful operations of the fourth quarter 2015 under Changes in reserve for takaful activities. The change in reserves will enable the company to raise its efficiency and its ability to meet future obligations.
Tadawul
20/08/2017
On 17 Aug 2017, SABB Takaful (the Company) was informed that HSBC Asia Holdings BV and certain other wholly-owned subsidiaries * of HSBC Holdings plc (together HSBC) have reached an agreement with th
Tadawul
20/03/2015
In its efforts to promote and promulgate Islamic finance practices, SABB has taken up exclusive sponsorship of AAOIFI's 4 standards issuances planned to be released and published by Accounting and Au
Press Release
19/02/2015
SABB Takaful was Named "Best Takaful Company in the Kingdom of Saudi Arabia for 2014" at the MENA Insurance Awards event held in Dubai recently. The prestigious event was attended by a group of major
Saudi Gazette
Ticker | Price | Change |
---|---|---|
BURGERIZZR | 12.50 | -0.50 (-3.85 |
ALMUTAHED | 0.00 | 0.00 (0.00 |
ALMAL | 0.00 | 0.00 (0.00 |
ALAMAN | 0.00 | 0.00 (0.00 |
MASSALEH | 0.00 | 0.00 (0.00 |
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