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Al Ahli Takaful (الأهلى تكافل)

Main Activities: Insurance Carriers

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Company Information

Full name
Al Ahli Takaful (الأهلى تكافل)

Headquarters
P.O Box 48510, khalidyah Business Center, Jeddah 21582.; Jeddah; Makkah
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: KPMG (2012)
Incorporation Date: December 20, 2004
Total Employees: 27

Tel: 966 26901199

Company Description

The National Commercial Bank (NCB), a leading regional financial institution based in Saudi Arabia, together with global leading insurance and technical specialists FWU AG, VHV, and the International Financial Corporation (IFC) a member of the World Bank Group; in addition to a number of prominent local investors, have established ALAHLI TAKAFUL COMPANY (ATC),in accordance to the council of ministry resolution (262) dated 11/12/2006, a joint stock company specialized in offering Takaful insurance
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -16.99%, from SAR 43,851 thousands to SAR 36,401 thousands. The results of the period increased 45.70% reaching SAR -4,897 thousands at the end of the period against SAR -9,019 thousands last year. Return on equity (Net income/Total equity) went from -13.35% to -3.58%, the Return On Asset (Net income / Total Asset) went from -2.86% to -0.94% and the Net Profit Margin (Net Income/Net Sales) went from -20.57% to -13.45% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 282.85% compared to 366.54% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.02 to 1.25 when compared to the previous year.

Key Executives

Mr.Mutasim Alireza Chairman Of the Board Director
Mr.Saleh Ahmad Hefni Vice Chairman
Mr.Don Hill Member of Board of Directors
Mr.Khalid Malek Alshareef Member of Board of Directors
Mr.Mohammad Omar Al-Eissaya Member of Board of Directors

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Balance Sheet

Total Assets

644,579

523,035

Current Assets

642,683

468,890

Total Liabilities

510,215

386,420

Shareholders Equity

134,364

136,615

Current Liabilities

502,369

374,800

* All the accounts are in SAR.
Income Statement

Total Operating Revenue

153,498

188,113

Net Profit (Loss)

1,031

-4,897

* All the accounts are in SAR.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.16%

-0.94%

Annualised Return on Assets (ROA)

0.16%

-0.94%

Return on Equity (ROE)

0.77%

-3.58%

Annualised Return on Equity (ROE)

0.76%

-7.33%

Return on Sales (ROS)

0.67%

-2.6%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

834.23x

74.00x

Current asset turnover

0.24x

0.40x

Fixed-asset turnover

80.96x

3.47x

Asset Turnover

0.24x

0.36x

Valuation figures and ratios

Enterprise value

490,333

274,972

Bookvalue (BV)

134,364

136,615

Net Cash

-490,333

-274,972

Liquidity Ratios

Current Ratio

127.93%

125.1%

Quick ratio

127.93%

125.1%

Doom's day ratio

3.96%

29.74%

Cash Flow to Debt

-2.09%

0.32%

Leverage Ratios

Leverage ratio

479.73%

382.85%

Debt to equity

379.73%

282.85%

Debt to total assets

79.15%

73.88%

Long Term Debt to Capital

5.52%

7.84%

Trend Ratios

Revenue Trend

81.6%

90.09%

Net Income Trend

-21.05%

54.3%