Alinma Tokio Marine Named “Best New International Takaful Company”

Alinma Tokio Marine Company (ATMC) is pleased to announce that it was recently named “Best New International Takaful Company” at the 8thInternational Takaful Summit (ITS), which took placein Abu Dhabi, UAE on February 25, 2014. The award was given in recognition of ATMC’s successful launch and subsequent building of a solid foundation during its first year of operation. The award also validated ATMC’s segmented, customer-centric approach and recognized the company’s potential for strong growth in the future.

Speaking about the award, Mr. Abdulmohsen Al-Fares, Chairman of Alinma Tokio Marine Company, expressed his satisfaction with ATMC’s progress and the accolade that it had received.“We are delighted to receive this award, which is an endorsement of the professional, innovative approach of the company’s talented team,” said Al-Fares.“With its unique blend of rich,local and international, professional expertise and strong corporate culture, the company aspires to excel in the financial services field where it hopes to yieldlong-term benefits to the society and economy of the Kingdom of Saudi Arabia.”

Also speaking about the accolade, Mr. AjmalBhatty, CEO of Alinma Tokio Marine, praised the company’s strategic approach and positioning in the market. “We have structured ourselves on a strong technological footing and our customers are at the heart of our strategy of building trust and creating value through Sharia-compliant insurance solutions,” said Bhatty. “Despite the challenges of the market, the company has carved out a space for itself and now stands on a solid base with strong potential for sustainable growth.”

“This award recognizes the value of our risk-based approach to business strategy within our core values of integrity, perseverance, excellence and accountability,” added Bhatty.“These values were directly responsible forATMC’sability to successfully meet its business and operational goals and targets during its initial establishment phase.”

Alinma Tokio Marine Company is a Saudi joint stock insurance company with paid-up capital of SAR 200 million. It provides general insurance as well as protection & savings business.

The company was launched in October 2012 and boasts a kingdom-wide reach. In addition to its corporate operations in Riyadh, Jeddah and Al-Khobar, ATMC has extensive access to the market through a broad range of delivery channels including retail distribution through Alinma Bank and its insurance agency.

The International Takaful Summit is a major event in the Takaful industry.It is a platform for the recognition of companies that excel in theirapproach to the delivery of their products and services and have a significant impact in the market.