Tawuniya recognized as ‘best Takaful company’ for 2019

Tawuniya’s head office is located in Riyadh. The company has introduced a range of innovative insurance services and products.
Updated 17 October 2019

Tawuniya recognized as ‘best Takaful company’ for 2019

The Company for Cooperative Insurance (Tawuniya) has been recognized as “Best Takaful Company for 2019” by Global Islamic Finance Awards (GIFA), which specializes in classifying Islamic finance and insurance establishments.
Tawuniya won this award as a result of its implementation of the cooperative insurance concept since its foundation in 1986, its success in introducing Shariah-compliant Takaful insurance products and its investments, its commitment to Islamic standards in the accounting field, and its role in enhancing the innovation concept, governance and social responsibility.
Adel Al-Hamoudi, Tawuniya’s senior vice president (sales and marketing), said this success reflects Tawuniya’s efforts and commitment in introducing innovative services and products as well as its efforts to adjust its investments so that they are Shariah-compliant.




Adel Al-Hamoudi, Tawuniya’s senior vice president for sales and marketing.

Al-Hamoudi added that that this award will be an addition to distinctive awards and rankings Tawuniya obtained this year — the awards for the best electronic general insurance company, best innovative insurance company, and the golden award for quality and business prestige, as well as Tawuniya’s rank among top 10 brands.
He said that Tawuniya has several factors that qualify it to be the best Takaful company — its pioneering position in the Saudi insurance market; it is the first cooperative insurance company in the Kingdom and first Saudi company that applied the cooperative insurance concept by sharing the insurance surplus with clients for the first time in 1990.
He said Tawuniya has many competitive capabilities, such as its strong financial position, technical experience, insurance portfolio, including 60 types of insurance products in three main operating segments — medical insurance, motor insurance and property and casualty insurance, to meet the need of its clients, from major companies and small and medium enterprisers. Tawuniya also provides the largest network of sales in the Saudi market. Tawuniya developed its strategy for the future focusing more on the customer and has introduced more innovative insurance services and products.
The Global Islamic Finance Award is prestigious in the Islamic finance sector. It aims at encouraging Islamic finance excellence by honoring best practices.


Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Updated 04 June 2020

Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Jeddah, Saudi Arabia: Al-Dabbagh Holding Group, founded in 1962, has been ranked sixth in the Saudi Arabian private sector's best working environments for the year 2020. The ranking is compiled by Great Place to Work, a leading global organization that evaluates work environments across more than 60 countries.
This achievement comes in recognition of Al-Dabbagh Group's efforts toward creating and fostering a positive working environment for all. Employees participated in a questionnaire on work-place satisfaction, and the company policies were also subject to an external review, both of which contributed to the resulting ranking.
Al-Dabbagh Group’s Head of Human Resources, Hayfa Abu-Zabibah has said that "this achievement is the result of the Group's unique culture, derived from the philosophy of Omnipreneurship, which embraces comprehensive leadership and is made up of three principles (Giving, Earning and Sustaining) five values (integrity, passion, respect, forward-thinking, teamwork) and ten golden rules. The principles, values and golden rules provide the framework that govern the Group’s ecosystem and culture.”
Hayfa added that receiving this award will only increase the Group’s motivation to further promote this ecosystem and continue efforts toward becoming a better place to work.