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.


Michelin-starred chefs delight Riyadh foodies

Guests at Taste of the World, Riyadh, a six-day extravaganza featuring some of the world’s best restaurants in the capital’s Digital City, sipped mocktails while listening to live acoustic music on the Music Stage.
Updated 17 November 2019

Michelin-starred chefs delight Riyadh foodies

Taste of the World, Riyadh has been heralded as a great success by both event organizers and the 14,000 visitors that attended the six-day extravaganza in the capital’s Digital City.
Commissioned by the General Entertainment Authority, this bespoke edition of the festival, created especially for the Riyadh Season, featured 14 of the world’s best restaurants, boasting a combined 13 Michelin stars.  
Throughout the festival, the participating restaurants featured an exclusive menu of three dishes, served in taster-size portions — two of each restaurant’s signature dishes, as well as a Saudi-inspired dish that the chef had exclusively designed for Taste of the World, Riyadh. Visitors looking for a more exclusive experience were welcomed to The Taste Residence where they were treated to a four-course dining experience with Michelin-starred chefs.
Another major attraction that drew large crowds was the Fire Pit, where local star chefs Areej Al-Shareef, Abdelelah bin Jarid and Fahad Bokhari showed off their talents alongside the global superstars. Hosted by Saudi culinary star and presenter Rakan Aloraifi, spectators enjoyed cooking demonstrations, tasting sessions and a live DJ.
In another area of the festival, guests sipped mocktails while listening to live acoustic music on the Music Stage.  
Award-winning chef Shane Osborn from Hong Kong’s Arcane said “Taste of the World, Riyadh has far exceeded my expectations. I have been fortunate to have experienced many similar events around the world but this one in Riyadh is both very unique and very different to anything that I have experienced before. It is the people of Riyadh who have really made it special and welcoming.”

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14,000 - of the capital’s cosmopolitan citizens visited the six-day culinary festival, featuring 14 of the world’s best restaurants and boasting a combined 13 Michelin stars.

Pascal Aussignac from London’s Michelin-starred Club Gascon said: “The smiles of the people whilst trying my food and their inquisitive questions about the meals prepared made it truly very special. I am
very happy to be here in Riyadh and to have taken part in this exciting event.”
Saudi chef Al-Shareef said: “I am very happy to be here and taking part in Taste of the World, Riyadh. I am also very proud in being the only female Saudi chef taking part and my experiences at the Fire Pit were very exciting and fun.”
Chef Aloraifi said, “This is the first time that Taste of the World has taken place in the Kingdom and people have been very excited about the occasion, the activities and the cooking demonstrations ... Hopefully next year we will be back again and will be able to add more local touches to the program.”
Based on the overwhelming enthusiasm and fast-selling ticket sales that has greeted the Taste of the World experience, organizers said they are looking forward to announcing a 2020 event soon.