Riyadh – Mubasher: Aljazira Takaful Taawuni Company achieved net profits, after Zakat, worth SAR 7.46 million in the first quarter (Q1) of 2026, which marked an annual plunge of 53.69% from SAR 16.11 million in Q1-25.
The insurance revenue, meanwhile, soared by 17.48% to SAR 98.40 million during January-March 2026 from SAR 83.75 million in the same quarter a year earlier.
The earnings per share (EPS) stood at SAR 0.11 in Q1-26 when compared to SAR 0.24 in Q1-25, according to the income statements.
Aljazira Takaful attributed the annual increase in Q1-26 insurance revenue to business growth.
On a quarterly basis, the net profits in Q1-26 reflected a 49.13% surge from SAR 5 million and the insurance revenue increased by 3.58% from SAR 94.99 million.
In 2025, Aljazira Takaful posted net profits of SAR 39.84 million and insurance revenue worth SAR 361.56 million.
