AlAhli Takaful Company (ATC), decreed by Royal Decree No. M/70 and incorporated by Ministerial Resolution No.262 dated 20-11-1428H. (Corresponding to 11 December 2006), is a Saudi joint stock company registered in Jeddah under Commercial Registration No. 4030171573 dated 21-07-1428H. (Corresponding to 04 August 2007). The Company operates under Saudi Arabian Monetary Agency”s (SAMA) (insurance regulator) license No. TMN/7/20079 dated 29-08-1428H (corresponding to 11-09-2007) in accordance with the Cooperative Insurance Regulations issued by Saudi Arabian Monetary Agency. ATC initial capital amounted to SR 100 million. On 12 December 2011 the shareholders agreed to increase the company capital to SR 166,666,670 bringing the shares issued to a total of 16,666,667 shares.
The company operates insurance in accordance with the Cooperative Insurance Regulations issued by Saudi Arabian Monetary Agency. The Company’s principal activity is to provide protection and saving insurance products through insurance solutions for individuals and groups.