LONDON, January 20, 2015 /PRNewswire/ --
London-based International Finance Magazine has conferred the 2014 award for 'Best Takaful Company' in the Kingdom of Saudi Arabia to SABB Takaful. The award was presented on November 18 by the honourable Lord Sheikh, Baron Sheikh of Cornhill, House of Lords; Sheikh Bilal Khan, UK Catalyst at UKTI and Co-Chairman of Dome Advisory and Peter Meyer, CEO, Middle East Association at a gala dinner in the ballroom of the Jumeirah Carlton Tower in London.
SABB Takaful provides a range of takaful plans to personal and business customers in the Kingdom of Saudi Arabia. It operates through three segments- individual family takaful, group family takaful and general takaful. The company offers various protection plan products including care, travel, Schengen travel, personal accident and home takaful plans, investment plan products, and saving plan products such as education, retirement, savings and simple savings takaful plans. It also provides business protection products comprising marine cargo, business interruption or loss of profit, keyman protection, fire-property all risks and SME packages; and employee benefits products including group care and group personal accident, as well as offers death or disability protection products. It is headquartered in Riyadh.
Adrian Flowers, CEO, SABB Takaful said, "We are delighted by the selection of SABB Takaful for this prestigious award. The prize came as a major recognition of the extraordinary performance of SABB Takaful in the field of life insurance (takaful protection and savings), which was gained by introducing multiple innovative packages of takaful programs for individuals and commercial sectors." He further added that the company is committed to promoting a culture of family takaful to financially and socially improve the standard of living of clients while operating in full harmony with Islamic values and principles.
Watch IFM's interview with Adrian Flowers: http://youtu.be/OfQWcQhPg3s
2014 award winners: http://www.internationalfinancemagazine.com/awards/winners
If you would like to nominate a company or an executive for the awards, visit http://internationalfinancemagazine.com/awards/nomination
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SOURCE International Finance Magazine