SABB Takaful wins Best Takaful Product and Best Takaful Marketing at International Takaful Awards 2009

The International Takaful Awards, which was held on 1st July 2009 at the Jumeirah Carlton Tower in London, gathers the Takaful and Re-Takaful industry to acknowledge the achievements of the industry and recognize companies that have displayed exceptional performance over the past year.

Dr. Yazid Al Ohaly, Chairman of the Board of SABB Takaful, said:

"These awards are in recognition of our commitment to offering our customers the very best products and services. In this rapidly growing and competitive industry, we have, in a short period of time, firmly established ourselves as the market leaders in the Kingdom and abroad. In these difficult economic times it is especially an honor to win these awards."

The awards recognize SABB Takaful for both its Simple Savings Takaful Plan as the best/most innovative product utilizing the Takaful concept and for formulating the best marketing campaign to promote their products and services.

SABB Takaful's Simple Savings Takaful Plan is founded on the belief that it is essential to start saving early regardless of your financial standing. The plan is distinctive in offering customers the flexibility to regularly save a small amount while at the same time providing protection in the event of unforeseen events.

David Hunt, Managing Director of SABB Takaful quoted the latest Saudi Arabian Monetary Agency (SAMA) Insurance Market Survey Report (2008) in commenting that, "The Protection and Savings segment of the insurance industry grew 82% year-on-year and was the fastest growing insurance segment by gross written premiums. SABB Takaful was able to contribute to this growth, in part through our Simple Savings Takaful Plan."