Company Information

Get to know Sabb Takaful Co.

Sabb Takaful Co. was a Saudi Arabian joint-stock company established in 2007 that specialized in providing a range of Takaful (Sharia-compliant) insurance products, including protection and savings plans for individuals and groups. The company was a joint venture between SABB (The Saudi British Bank) and HSBC. In a significant move within the Saudi insurance sector, Sabb Takaful Co. completed a merger with Walaa Cooperative Insurance Company in late 2020. Following the merger, Sabb Takaful's operations were absorbed, its stock was delisted from the Saudi Stock Exchange (Tadawul), and the combined entity now operates under the name Walaa Cooperative Insurance Company.

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Financial InsurancePRIMARY
Financial Wealth Management

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Sabb Takaful Co.

Saudi Arabia

Founded in

14 May 2007 (19 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.