AlJazira Takaful projects momentum to extend through Q4 2025, prioritizes integrated mergers: CEO

AlJazira Takaful Taawuni Co.’s (AlJazira Takaful) CEO Sager Nadershah sheds light on the company’s growth potential 

AlJazira Takaful Taawuni Co.’s (AlJazira Takaful) CEO Sager Nadershah anticipated the progression of growth during the fourth quarter of 2025, holding close to SAR 200 million in retained earnings — which provides room for a potential capital hike.

In an interview with Argaam, Nadershah explained that AlJazira Takaful’s 9M 2025 earnings were underpinned by a 23% increase in written premiums.

AlJazira Takaful, according to the CEO, witnessed growth across most segments during the nine-month period. The general insurance and the protection & savings segments expanded by 75% and 12%, respectively. Further, the motor insurance segment recorded a 161% spike, which reflected positively on the company’s revenues.

For Q3 2025, he highlighted the protection & savings and the general insurance segments as the wellsprings of growth on a broad basis.

Nadershah also pointed to the company’s strong financial solvency and clear strategy, with work underway to develop operations through automation and enhanced processes. He expressed optimism about sustaining growth and increasing capital.

On mergers, the top executive said AlJazira Takaful has prior experience with mergers and acquisitions (M&As) stemming from an earlier partnership with Solidarity Saudi Takaful, confirming the competency to execute these initiatives, and that the company is actively surveying the market for opportunities.

“Any merger opportunity must be justified, achieve synergy, and bring advantage to the company. The door remains open to these prospects,” he said.

According to data available with Argaam, AlJazira Takaful’s profit rose 5% to SAR 34.8 million by the end of 9M 2025, from SAR 33.1 million in the same period a year earlier. The third-quarter earnings also advanced by 58% year-on-year to SAR 14.6 million.