SABB Takaful Company Overview
Pro stress-test →SABB Takaful was a Shariah-compliant insurance provider headquartered in Riyadh, Saudi Arabia, offering individual family, group family, and general takaful products. The company is no longer an independent entity as of October 2022.
Strategic Profile
Pro stress-test →SABB Takaful has been merged into Walaa Cooperative Insurance (October 2022), with all assets and liabilities transferred to Walaa. The company historically competed in Saudi Arabia's takaful insurance market with travel insurance, life protection, and general coverage offerings.
Competitive Landscape
Pro stress-test →SABB Takaful historically competed in Saudi Arabia's takaful insurance market alongside major players including Walaa (which acquired SABB), Al Rajhi Takaful, Tawuniya, Allianz Saudi Fransi, and Gulf Insurance Group. The Saudi takaful market remains dominated by a small number of large providers with high market concentration and strict SAMA regulatory oversight.
Industry Context
SABB Takaful Company operates in Takaful Insurance.
Key facts
Headquarters: Riyadh, SA