	English [member]
Start Date	2020-07-01	2019-07-01
End Date	2020-09-30	2019-09-30
Filing information [line items]
Disclosure of entity information [abstract]
Name of reporting entity	Al-Rajhi Company for Cooperative Insurance
Company symbol code\| ISIN code	8230 \| SA12A0540J14
Sector\| Industry group	Financials \| Insurance
Disclosure of document information [abstract]
Whether entity wants to report opening statement of financial position	No
Period covered by financial statements	Quarter 3
Reporting period start date	2020-07-01	2019-07-01
Reporting period end date	2020-09-30	2019-09-30
Description of nature of financial statements	Consolidated
Status of financial statements	Reviewed
Description of presentation currency	Saudi Arabia, Riyals
Level of rounding used in financial statements	Thousands

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2020-07-01	2020-07-01
End Date	2020-09-30	2020-09-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Gihad Al Amri	Ali Al Basri
Registration number of auditor	362	409
Details of audit firm [abstract]
Name of audit firm	BDO Dr. Mohamed Al-Amri & Co.	PricewaterhouseCoopers
Registration number of audit firm	1010433982	25
Contact number of audit firm	(+966) 11 278 0608	(+966) 11 211 0400
Address of audit firm	P.O. Box 8736, Riyadh 11492 Kingdom of Saudi Arabia	P.O. Box 8282, Riyadh 11482 Kingdom of Saudi Arabia

	English [member]
Start Date	2020-07-01
End Date	2020-09-30
Auditors report [line items]
Disclosures of auditors report [text block]	In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at September 30, 2020 and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards, that are endorsed in the Kingdom of Saudi Arabia, and other standards and pronouncements issued by the Saudi Organization of Certified Public Accountants ("SOCPA") (collectively) referred to as IFRS that are endorsed in the Kingdom of Saudi Arabia.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Auditors opinion	In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at September 30, 2020 and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards, that are endorsed in the Kingdom of Saudi Arabia, and other standards and pronouncements issued by the Saudi Organization of Certified Public Accountants ("SOCPA") (collectively) referred to as IFRS that are endorsed in the Kingdom of Saudi Arabia.
Basis of opinion	We conducted our audit in accordance with International Standards on Auditing, that are endorsed in the Kingdom of Saudi Arabia. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the professional code of conduct and ethics, as endorsed in the Kingdom of Saudi Arabia that are relevant to our audit of the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities of management and those charged with governance for financial statements	The Directors are responsible for the preparation and fair presentation of the financial statements in accordance with the International Financial Reporting Standards, that are endorsed in the Kingdom of Saudi Arabia, and other standards and pronouncements issued by the Saudi Organization of Certified Public Accountants, the applicable requirements of the Regulations for Companies and the Company’s By-laws, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.In preparing the financial statements, the Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.Those charged with governance are responsible for overseeing the Company’s financial reporting process.
Auditors responsibilities for audit of financial statements	Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing, that are endorsed in the Kingdom of Saudi Arabia will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Report on other legal and regulatory requirements	Based on the information that has been made available to us, nothing has come to our attention that causes us to believe that the company is not in compliance, in all material respects, with the applicable requirements of the Regulation for companies and the company’s By-laws in so far as they affect the preparation and presentation of the financial statements.
Date of signing audit report by auditor	2020-11-09

Start Date	2020-01-01	2019-01-01	2019-01-01
End Date	2020-09-30	2019-12-31	2019-09-30
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Deferred policy acquisition costs	64,151	44,512	45,548
Reinsurers/ retakaful share of unearned premiums/ contributions	230,809	111,870	90,296
Prepayments and other assets, insurance/ takaful operations assets	98,209	111,503	140,603
Due from shareholders operations	-408,667	-328,011	-273,229
Premiums/ insurance receivables/takaful contributions receivable, net	620,784	336,149	393,572
Reinsurers/ retakaful share of outstanding claims/ benefits, net	81,625	110,180	102,777
Time (Murabaha) deposits, insurance/ takaful operations assets	1,638,870	1,598,708	1,498,734
Available-for-sale investments, insurance/ takaful operations assets	31,969	29,982	27,282
Investments held at fair value through statement of income, insurance/ takaful operations assets	340,600	170,552	161,876
Cash and cash equivalents, insurance/ takaful operations assets	491,890	419,609	424,290
Reinsurers/ retakaful share of mathematical reserves	24	21	96
Reinsurance retakaful share of incured but not reported	25,681	13,413	11,903
Total insurance/ takaful operations assets	3,215,945	2,618,488	2,623,748
Shareholders assets [abstract]
Property and equipment, net, shareholders assets	44,620	25,263	16,174
Statutory deposit	39,969	39,969	39,969
Prepayments and other assets, shareholders assets	79,366	71,841	67,523
Investments held at fair value through statement of income, shareholders assets	22,195	13,004	6,223
Time (Murabaha) deposits, shareholders assets	90,031	214,997	314,921
Accrued investment income	1,875	944	120
Available-for-sale investments, shareholders assets	278,109	246,714	132,473
Due from insurance/ takaful operations assets	408,667	328,011	273,229
Cash and cash equivalents, shareholders assets	218,998	34,271	112,189
Right-of-use assets	43,612	9,772	10,593
Total shareholders assets	1,227,442	984,786	973,414
Total assets	4,443,387	3,603,274	3,597,162
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	1,300,550	1,123,170	1,184,797
Unearned commission income	17,904	8,792	8,067
Reinsurers/ retakaful balance payable	225,316	94,637	58,061
Gross outstanding claims/ benefits including IBNR payable	1,114,341	1,130,563	1,135,647
Other technical reserves	181,363	26,303	24,419
Accrued expenses payable, insurance/ takaful operations liabilities	203,379	92,374	84,564
Unit linked liability at FVSI	124,497	86,821	73,726
Total insurance/ takaful operations liabilities	3,167,350	2,562,660	2,569,281
Insurance/ takaful operations surplus (deficit) [abstract]
Surplus (deficit) from insurance/ takaful fund	47,664	56,883	58,223
Total insurance/ takaful operations surplus (deficit)	47,664	56,883	58,223
Total insurance/ takaful operations liabilities and surplus (deficit)	3,215,014	2,619,543	2,627,504
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	43,183	39,682	34,082
Income tax payable	1,250	1,250	1,250
Accrued expenses payable, shareholders liabilities	52,990	36,328	31,027
Other liabilities, shareholders liabilities	46,355	12,632	13,077
End of service benefits	21,579	18,620	18,068
Total shareholders liabilities	165,357	108,512	97,504
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	400,000	400,000	400,000
Statutory reserve	152,499	113,082	114,510
Fair value reserve on investments, shareholders equity	39,140	28,527	11,366
Retained earnings (accumulated losses)	472,905	335,138	346,465
Other reserves	-1,528	-1,528	-187
Total equity attributable to owners of parent	1,063,016	875,219	872,154
Total equity attributable to equity holders of company	1,063,016	875,219	872,154
Total shareholders liabilities and equity	1,228,373	983,731	969,658
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	4,443,387	3,603,274	3,597,162

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of insurance/ takaful operations [abstract]
Statement of insurance/ takaful operations and accumulated surplus (deficit) [abstract]
Income from insurance/ takaful operations [abstract]
Net premiums/ contributions earned [abstract]
Net premiums/ contributions written [abstract]
Gross premiums/ contributions written	703,763	583,385	2,160,321	1,971,616
Excess of loss expense	2,065	2,304	6,192	5,536
Reinsurance/ retakaful premiums ceded	88,932	32,199	327,786	66,965
Net premiums/ contributions written	612,766	548,882	1,826,343	1,899,115
Changes in unearned premiums/ contributions	8,121	-91,285	58,441	-119,673
Net premiums/ contributions earned	604,645	640,167	1,767,902	2,018,788
Reinsurance/ retakaful commissions	5,820	2,652	15,928	6,591
Fees and other income from insurance/ takaful operations	936	464	2,216	1,567
Total income from insurance/ takaful operations	611,401	643,283	1,786,046	2,026,946
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	387,791	495,070	1,133,993	1,836,807
Reinsurance/ retakaful share of gross claims/ benefits paid	28,968	2,041	53,673	305,558
Net claims/ benefits paid	358,823	493,029	1,080,320	1,531,249
Changes in outstanding claims/ benefits including IBNR	14,130	14,266	65	101,112
Changes in other technical reserves	53,046	-23,381	155,060	24,419
Net claims/ benefits incurred	425,999	483,914	1,235,445	1,656,780
Surrenders	4,415	2,696	8,780	5,704
Policy acquisition costs	44,236	30,678	99,813	86,814
General and administrative expenses, insurance/ takaful operations	73,606	63,771	223,952	174,343
Other underwriting expenses	5,741	3,474	17,526	17,338
Realised gain (loss) on investments held at fair value through statement of income	3,169	2,276	8,575	8,798
Change in unit linked liabilities at FVSI net	10,709	5,173	30,990	17,919
Reversal of impairment loss on financial assets	134	77	-355	-124
Income from Murabaha deposits	13,876	14,066	39,545	45,763
Allowance for doubtful debts	-4,623	9,535	12,777	12,859
Total cost and expenses	543,172	582,976	1,580,808	1,917,072
Surplus (deficit) for period from insurance/ takaful operations	68,229	60,307	205,238	109,874
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	61,406	54,277	184,714	98,887
Net result for period from insurance/ takaful operations after shareholders appropriation	6,823	6,030	20,524	10,987
Policyholders share of accumulated surplus, at end of period	6,823	6,030	20,524	10,987

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	61,406	54,277	184,714	98,887
Revenue [abstract]
Fee income	73,606	63,771	223,952	174,343
Income from murabaha/ time deposits	680	3,418	4,125	8,870
Realised gain (loss) on investments held as fair value through statement of income	624	544	1,691	1,748
Dividend income	2,054	2,007	5,888	5,409
Other income	241	312	632	1,191
Impairment loss on financial assets	-48	-22	-34	65
Total revenue	77,253	70,074	236,322	191,496
Expenses [abstract]
General and administrative expenses, shareholders operations	73,606	63,771	223,952	174,343
Total expenses	73,606	63,771	223,952	174,343
Income (loss) from continuing operations before zakat and income tax	65,053	60,580	197,084	116,040
Zakat expenses on continuing operations for period	7,250	6,600	19,900	17,100
Profit (loss) from continuing operations	57,803	53,980	177,184	98,940
Profit (loss) for the period	57,803	53,980	177,184	98,940
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	57,803	53,980	177,184	98,940
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	1.4451	1.3495	4.4296	2.4735
Total basic earnings (loss) per share	1.4451	1.3495	4.4296	2.4735

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	6,823	6,030	20,524	10,987
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets	5,246	279	1,987	1,955
Total other comprehensive income (loss), available-for-sale financial assets	5,246	279	1,987	1,955
Total other comprehensive income (loss), that will be reclassified to profit or loss	5,246	279	1,987	1,955
Total other comprehensive income (loss)	5,246	279	1,987	1,955
Total comprehensive income (loss) for period	12,069	6,309	22,511	12,942

Start Date	2020-07-01	2019-07-01	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30	2020-09-30	2019-09-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	57,803	53,980	177,184	98,940
Other comprehensive income [abstract]
Components of other comprehensive income that will be reclassified to profit or loss [abstract]
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets	28,405	-8,731	8,626	2,858
Total other comprehensive income (loss), available-for-sale financial assets	28,405	-8,731	8,626	2,858
Total other comprehensive income (loss), that will be reclassified to profit or loss	28,405	-8,731	8,626	2,858
Total other comprehensive income (loss)	28,405	-8,731	8,626	2,858
Total comprehensive income (loss) for period	86,208	45,249	185,810	101,798
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	86,208	45,249	185,810	101,798

Start Date	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30
Statement of cash flows, indirect method [abstract]
Statement of cash flows, insurance/ takaful operations [abstract]
Cash flows from (used in) operating activities, insurance/ takaful operations [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	20,524	10,987
Adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation
Adjustments for unrealised (gains) losses on investments held as fair value through statement of income	-6,966	-3,549
Adjustments for (gains) losses on disposal of investments held as fair value through statement of income	12,777	12,867
Adjustments for impairment (reversal of impairment) charges for held-to-maturity investments	-355	-124
Management fee for administration of takaful operations	223,952	174,343
Management fee attributable to shareholders operations	184,714	98,886
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	414,122	282,423
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	-297,412	50,136
Adjustments for decrease (increase) in prepayments and other assets	9,865	-83,878
Adjustments for increase (decrease) in outstanding claims including IBNR	16,287	270,311
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	130,679	1,934
Adjustments for increase (decrease) in accrued expenses and other liabilities	111,005	-9,481
Adjustments for decrease (increase) in deferred policy acquisition costs	-19,639	15,320
Adjustments for decrease (increase) in unearned commission income	9,112	2,065
Adjustments for movement in gross unearned premiums/ contributions	177,380	-117,836
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-118,939	-1,838
Adjustment for changes in other technical reserves	96,086	15,385
Adjustment for changes in other reserves	58,974	0
Adjustments for other changes in operating assets and liabilities, insurance/ takaful operations cash flow	37,673	21,403
Deposit against letters of guarantee	3,456	-2,541
Claims incured but not reported	40,232	89,036
Gross outstanding claims	-56,454	-249,199
Total changes in operating assets and liabilities	198,305	817
Net cash flows from (used in) insurance/ takaful operations	632,951	294,227
Management fee	-328,011	-401,888
Takaful operations surplus paid	-29,743
Net cash flows from (used in) operating activities, insurance/ takaful operations	275,197	-107,661
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Proceeds from sales of held-to-maturity investments, insurance/ takaful operations cash flow	550,000	905,000
Proceeds from sales of investments held as fair value through statement of income, insurance/ takaful operations cash flow	802,419	990,962
Purchase of held-to-maturity investments, insurance/ takaful operations cash flow	589,834	700,000
Purchase of investments held as fair value through statement of income, insurance/ takaful operations cash flow	965,501	1,019,436
Net cash flows from (used in) investing activities, insurance/ takaful operations	-202,916	176,526
Cash flows from (used in) financing activities, insurance/ takaful operations [abstract]
Other inflows (outflows) of cash classified as financing activities, insurance/ takaful operations cash flow	0	0
Net cash flows from (used in) financing activities, insurance/ takaful operations	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	72,281	68,865
Net increase (decrease) in cash and cash equivalents	72,281	68,865
Cash and cash equivalents at beginning of period	419,609	355,425
Cash and cash equivalents at end of period	491,890	424,290

	English [member]	Note No.
Start Date	2020-07-01	2019-07-01
End Date	2020-09-30	2019-09-30
Disclosure of other non-cash information [line items]
Disclosure of other non-cash information, insurance/ takaful operations [text block]	Changes in fair value of investments designated as FVOCI: 1,987

Start Date	2020-01-01	2019-01-01
End Date	2020-09-30	2019-09-30
Statement of cash flows, indirect method [abstract]
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Net profit (loss) for period [abstract]
Income (loss) from continuing operations before zakat and income tax	197,084	116,040
Net profit (loss) for period (before zakat expenses and income tax)	197,084	116,040
Adjustments to reconcile profit (loss) [abstract]
Adjustments for unrealised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	-5	177
Adjustment for depreciation and amortisation	11,984	10,750
Adjustment for management fees for administration of takaful operations	-223,952	-174,343
Adjustment for management fees attributable to shareholders operations	-184,714	-98,886
Adjustments for impairment (reversal of impairment) charges for investments, shareholders cash flow	-34	65
End of sercive benefit liability	5,006	4,124
Total adjustments to reconcile profit (loss)	-391,715	-258,113
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	-7,525	-33,011
Adjustments for increase (decrease) in other liabilities	17,592	-6,552
Right of use assets	-39,736	-14,903
Accrued income on statutory deposit	-931	-483
lease liability	32,793	8,247
Total changes in operating assets and liabilities	2,193	-46,702
Net cash flows from (used in) operations	-192,438	-188,775
Zakat expenses	16,399	15,457
end of service paid	-2,047	-1,175
Management fees paid or recived	328,011	401,888
Net cash flows from (used in) operating activities	117,127	196,481
Cash flows from (used in) investing activities [abstract]
Purchase of investments held at fair value through statement of income	708,000	435,000
Proceeds from investments held at fair value through statement of income	698,814	462,575
Purchase of available-for-sale investments	38,599
Proceeds from disposal of available-for-sale investments	15,934
Purchase of held-to-maturity investments	150,000	545,001
Proceeds from disposal of held-to-maturity investments	275,000	315,000
Purchase of property and equipment	25,445	3,901
Movement in cash balance in equity share portfolio	-104	520
Net cash flows from (used in) investing activities	67,600	-205,807
Cash flows from (used in) financing activities [abstract]
Other inflows (outflows) of cash	0	0
Net cash flows from (used in) financing activities	0	0
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	184,727	-9,326
Net increase (decrease) in cash and cash equivalents	184,727	-9,326
Cash and cash equivalents at beginning of period	34,271	121,515
Cash and cash equivalents at end of period	218,998	112,189

	English [member]	Note No.
Start Date	2020-07-01	2019-07-01
End Date	2020-09-30	2019-09-30
Disclosure of other non-cash information [line items]
Disclosure of other non-cash information, shareholders operations [text block]	Changes in fair value of investments designated as FVOCI: 8,626

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2020-07-01
End Date	2020-09-30
Notes forming part of accounts [line items]
Disclosure of notes and other explanatory information [text block]
Disclosure of general information about reporting entity [abstract]
Disclosure of general information about reporting entity [text block]	Al Rajhi Company for Cooperative Insurance (a Saudi Joint Stock Company incorporated in Kingdom of Saudi Arabia), “the Company”, was formed pursuant to Royal Decree No. (M/35) dated Jumada al thani 27,1429. (January 1, 2008). The Company operates under Commercial Registration no. 1010270371 dated Rajab 5, 1430 corresponding to June 28, 2009. The registered address of the Company's head office is as follows: Al Rajhi Company for Cooperative InsuranceP.O. Box 67791 Riyadh 11517 Kingdom of Saudi Arabia. The purpose of the Company is to conduct takaful operations and all related activities including re-takaful / re-insurance and agency activities. Its principal lines of business include motor, medical, protection & savings, marine, fire, engineering and casualty insurance. On July 31, 2003, corresponding to Jumada al thani 2, 1424, the Saudi Arabian Monetary Authority (“SAMA”), as the principal authority responsible for the application and administration of the Insurance Law and its Implementing Regulations, granted the Company a license to transact insurance activities in the Kingdom of Saudi Arabia. On April 20, 2004, corresponding to Rabi' al-awwal 1, 1425, the Law on the Supervision of Cooperative Insurance Companies (“Insurance Law”) was promulgated by Royal Decree Number (M/32). As a commitment from the Company for its activities to be in compliance with Islamic Shari’a legislations, since its inception, the Company has established a Shari’a Authority to review and approve the activities and the products of the Company.
Disclosure of basis of preparation of financial statements [text block]	The interim condensed financial information does not include all of the information required and should be read in conjunctionwith the annual financial statement as of and for the year ended December 31, 2019. This interim condensed financialinformation is expressed in Saudi Arabian Riyals (SAR) and is rounded off to the nearest thousand.The interim condensed financial information is prepared under the going concern basis and the historical cost convention, except for financial assets measured at fair value through statement of income (FVSI), financial assets measured at fair value through other comprehensive income (FVOCI), financial liabilities measured at fair value through statement of income (FVSI), and end of service benefits (EOSB) at present value.The Company’s interim statement of financial position is not presented using a current / non-current classification. The following balances would generally be classified as non-current: financial assets at fair value through other comprehensive income, financial asset at amortised cost, property and equipment, statutory deposit, other assets, end of service benefits and payable to shareholders. All other assets and liabilities are classified as current.As required by the Saudi Arabian Insurance Regulations and guidelines of the sharia board, the Company maintains separate books of accounts for takaful operations and shareholders’ operations and presents the financial information accordingly (refer note 19). Assets, liabilities, revenues and expenses clearly attributable to either activity are recorded in the respective accounts. The basis of allocation of expenses from joint operations is determined and approved by the management and the Board of Directors.As per the Company’s policy, all general and administrative expenses of takaful operations are charged to shareholders’operations. The Company in accordance with the Islamic Shariah provisions manages the co-operative insurance operations andcalculates the management fee in the below manner and pays it in full shortly after at the end of the fiscal year.The first component of the management fee is calculated based on the net contributions written for the period after adjusting commission income and cost of production for motor and general at 40% and for health at 30% and is limited to the extent of general and administrative expenses charged in the interim statement of income – shareholders operations (refer note 19); and the other component of the management fee is determined up to 90% of the net surplus, if any, for the period from takaful operations remaining after computing the first component of management fee. The Company is required to distribute the remaining 10% of the net surplus from Takaful operations to policyholders in accordance with the Insurance Law andImplementation Regulations issued by the Saudi Arabian Monetary Authority (“SAMA”).The interim statement of financial position, statements of income, comprehensive income and cash flows of the takaful operations and shareholders’ operations which are presented in note 19 of the condensed interim financial information have been provided as supplementary financial information to comply with the requirements of the guidelines issued by SAMA implementing regulations. SAMA implementing regulations requires the clear segregation of the assets, liabilities, income and expenses of the takaful operations and the shareholders’ operations. Accordingly, the interim statements of financial position, statements of income, comprehensive income and cash flows prepared for the takaful operations and shareholders operations as referred to above, reflect only the assets, liabilities, income, expenses and comprehensive gains or losses of the respective operations.In preparing the Company-level financial information in compliance with IFRSs, the balances and transactions of the takafuloperations are amalgamated and combined with those of the shareholders’ operations. Interoperation balances, transactions andunrealised gains or losses, if any, are eliminated in full during amalgamation. The accounting policies adopted for the takafuloperations and shareholders’ operations are uniform for like transactions and events in similar circumstances.
Disclosure of statement of compliance [text block]	The interim condensed financial statements (interim condensed financial information) of the Company as at and for the three-month and nine-months periods ended 30 September 2020 have been prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting' (“IAS 34”), as endorsed in the Kingdom of Saudi Arabia ("KSA"), and other standards and pronouncements issued by the Saudi Organization of Certified Public Accountants ("SOCPA").”
Disclosure of critical accounting judgements, estimates and assumptions, general [text block]	The preparation of interim condensed financial information requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.In preparing this interim condensed financial information, the significant judgments made by the management in applying the Company’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the financial statements for the year ended 31 December 2019. However, the Company has reviewed the key sources of estimation uncertainties disclosed in the last annual financial statements against the backdrop of the COVID-19 pandemic. Management will continue to assess the situation, and reflect any required changes in future reporting periods.On 11 March 2020, the World Health Organisation (“WHO”) declared the Coronavirus (“COVID-19”) outbreak as a pandemic in recognition of its rapid spread across the globe. This outbreak has also affected the GCC region including the Kingdom of Saudi Arabia. Governments all over the world took steps to contain the spread of the virus. Saudi Arabia in particular has implemented closure of borders, released social distancing guidelines and enforced country wide lockdowns and curfews.In response to the spread of the Covid-19 virus in the Country where the Company operates and its consequentialdisruption to the social and economic activities in those markets, the Company’s management has proactively assessedits impacts on its operations and has taken a series of proactive and preventative measures and processes to ensure:- the health and safety of its employees and the wider community where it is operating- the continuity of its business throughout the Kingdom is protected and kept intact.The major impact of Covid-19 pandemic is seen in medical and motor line of business as explained below. As with any estimate, the projections and likelihoods of occurrence are underpinned by significant judgment and rapidly evolving situation and uncertainties surrounding the duration and severity of the pandemic, and therefore, the actual outcomes may be different to those projected. The impact of such uncertain economic environment is judgmental, and the Company will continue to reassess its position and the related impact on a regular basis.Medical technical reservesBased on the management’s assessment, the management believes that the Government’s decision to assume the medical treatment costs for both Saudi citizens and expatriates has helped in reducing any unfavourable impact. During the lockdown, the Company saw a decline in medical reported claims (majorly elective and non-chronic treatment claims) which resulted in a drop in claims experience. However, subsequent to the lifting of lockdown since June 21, 2020, the Company is experiencing a surge in claims which is in line with the expectations of the Company’s management. The Company’s management has duly considered the impact of surge in claims in the current estimate of future contractual cashflows of the insurance contracts in force as at September 30, 2020 for its liability adequacy test. Based on the results, the Company has booked an amount of SR 16.4 mn (December 31, 2019: Nil) as a contribution deficiency reserve.Motor technical reservesIn response to the Covid-19 pandemic, SAMA issued a circular 189 (the “circular”) dated 08 May 2020 to all insurance companies in the Kingdom of Saudi Arabia. Amongst other things, the circular instructed insurance companies to extend the period of validity of all existing retail motor insurance policies by further two months as well as providing a two-month additional coverage for all new retail motor policies written within one month of this circular.The Management, in conjunction with its appointed actuary, deliberated on a variety of internal factors and concluded, that the Company considers the extension of two months in exiting motor policies as new policy and record a premium deficiency reserve based on the expected claims for the extended 2 months period. 9 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)2. BASIS OF PREPARATIONb) Critical accounting judgments, estimates and assumptions (continued)Motor technical reserves (continued)For new retail motor policies issued as per above circular, the premium is earned over the period of 12 month as the impact of earnings over the period of coverage. i.e 14 month are not considered significant by the management as no significant policies were written during that period.The Company has performed a liability adequacy test using current estimates of future cash flows under its insurance contracts at segmented level for motor line of business and recorded a Contribution deficiency reserve amounting to SR 103.6 mn as at 30 September, 2020 (December 31, 2019: Nil)Financial assetsThe Company has performed an assessment in accordance with its accounting policy due to the Covid-19 pandemic to determine the impact of expected credit losses (“ECL”) on its financial assets. These current events and the prevailing economic condition may require the Company to revise certain inputs and assumptions used for the determination of expected credit losses (“ECL”). These would primarily revolve around either adjusting macroeconomic factors used by the Company in estimation of expected credit losses (and or) revisions to the scenario probabilities currently being used by the Company in ECL estimation. However, the management believe these factors are not certain yet and will incorporate any such adjustment in Q4 2020 financial statements.Based on these assessments, the Company’s management believes that the Covid-19 pandemic has had no material effects on Company’s reported results for the three and nine-month periods ended 30 September 2020. The Company’s management continues to monitor the situation closely.Credit risk managementThe Company has strengthened its credit risk management policies to address the fast changing and evolving risks posed by the current circumstances. These include review of credit concentrations at granular economic sector, region, counterparty level and take appropriate action where required. Based on the review, the Company has identified that certain sectors like government contractors, airlines, retail sector and hospitality industry being impacted significantly by the Covid-19 pandemic and lower oil prices.
Disclosure of functional and presentation currency [text block]	The functional and presentational currency of the Company is Saudi Riyals. The financial information values are presented in Saudi Riyals rounded to the nearest thousand (SAR’000), unless otherwise indicated.
Disclosure of major shareholders of reporting entity [text block]	The authorized, issued and paid up share capital of the Company was SAR 400 million at September 30, 2020 (December 31, 2019: SAR400 million) consisting of 40 million shares (December 31, 2019: 40 million shares) of SAR 10 each.Shareholding structure of the Company is as below. The shareholders of the Company are subject to zakat. September 30, 2020 (Unaudited) Authorized and issued Paid up No. of shares SAR’000 Al Rajhi Insurance Co. Ltd. (Bahrain) 10,600,000 106,000 106,000Al Rajhi Banking and Investment Corporation 9,000,000 90,000 90,000Oman Insurance Company - Dubai 2,400,000 24,000 24,000Others 18,000,000 180,000 180,000 40,000,000 400,000 400,000 December 31, 2019 (Audited) Authorized and issued Paid up No. of Shares SAR’000 Al Rajhi Insurance Co. Ltd. (Bahrain) 10,600,000 106,000 106,000Al Rajhi Banking and Investment Corporation 9,000,000 90,000 90,000Oman Insurance Company - Dubai 2,400,000 24,000 24,000Others 18,000,000 180,000 180,000 40,000,000 400,000 400,000
Disclosure of summary of significant accounting policies [abstract]
Disclosure of summary of significant accounting policies, general comment [text block]	The accounting policies, estimates and assumptions adopted in the preparation of this interim condensed financial information are consistent with those described in the annual financial statements for the year ended December 31, 2019
Description of changes in accounting policy [text block]	The following standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s interim condensed financial statements are disclosed below. The Company intends to adopt these standards, if applicable, when they become effective. Further, the Company has chosen not to early adopt the amendments and revisions to the IFRS, which have been published and are mandatory for compliance for the Company with effect from future dates. 10 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)3. SIGNIFICANT ACCOUNTING POLICIES (continued)IFRS 17 - Insurance ContractsIFRS 17 - “Insurance Contracts”, applicable for the period beginning on or after 1 January 2023, and will supersede IFRS 4 “Insurance Contracts”. Earlier adoption permitted if both IFRS 15 'Revenue from Contracts with Customers' and IFRS 9 'Financial Instruments' have also been applied. The Company expects a material impact on measurement and disclosure of insurance and reinsurance that will affect both the statement of income and the statement of financial position. The Company has decided not to early adopt this new standard.(b) IFRS 17 – Insurance ContractsOverviewThis standard has been published on May 18, 2017, it establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts and supersedes IFRS 4 – Insurance contracts. The new standard applies to insurance contracts issued, discretionary participating features provided the entity also components from insurance contracts: to all reinsurance contracts and to investment contracts with issues insurance contracts. It requires to separate the following i. embedded derivatives, if they meet certain specified criteria;ii. distinct investment components; andiii. any promise to transfer distinct goods or non-insurance services.These components should be accounted for separately in accordance with the related standards (IFRS 9 and IFRS 15). MeasurementIn contrast to the requirements in IFRS 4, which permitted insurers to continue to use the accounting policies for measurementpurposes that existed prior to January 2015, IFRS 17 provides the following different measurement models:The General model is based on the following “building blocks”:a) the fulfilment cash flows (FCF), which comprise: probability-weighted estimates of future cash flows, an adjustment to reflect the time value of money (i.e. discounting) and the financial risks associated with those future cash flows, and a risk adjustment for non-financial risk;b) the Contractual Service Margin (CSM). The CSM represents the unearned profit for a group of insurance contracts and will be recognized as the entity provides services in the future. The CSM cannot be negative at inception; any net negative amount of the fulfilment cash flows at inception will be recorded in profit or loss immediately. At the end of each subsequentreporting period the carrying amount of a group of insurance contracts is remeasured to be the sum of: the liability for remaining coverage, which comprises the FCF related to future services and the CSM of the group at that date; and the liability for incurred claims, which is measured as the FCF related to past services allocated to the group at that date.The CSM is adjusted subsequently for changes in cash flows related to future services but the CSM cannot be negative, sochanges in future cash flows that are greater than the remaining CSM are recognized in profit or loss. Interest is also accreted onthe CSM at rates locked in at initial recognition of a contract (i.e. discount rate used at inception to determine the present valueof the estimated cash flows). Moreover, the CSM will be released into profit or loss based on coverage units, reflecting thequantity of the benefits provided and the expected coverage duration of the remaining contracts in the group.
Description of accounting policy for cash and cash equivalents [text block]	Cash and cash equivalents included in the interim statement of cash flows comprise the following: Takaful operations September 30, December 31, 2019SAR’000 2020 (Audited) (Unaudited) Bank balances and cash 491,890 319,609Deposits maturing within 3 months from the acquisition date - 100,000Cash and cash equivalents in the statement of cash flow 491,890 419,609Less : Impairment loss - (27)Cash and cash equivalents, net 491,890 419,582Deposits against letters of guarantee 19,000 22,456Cash and bank balances 510,890 442,038 Shareholders’ operations September 30, December 31, 2020 2019SAR’000 (Unaudited) (Audited)Bank balances and cash 134,558 34,271Receivable - Matured Murabaha Deposit 75,000 -Cash balance with Al Rajhi Capital 9,440 -Cash and cash equivalents in the statement of cash flow 218,998 34,271Less : Impairment loss - -Cash and cash equivalents, net 218,998 34,271Cash at banks (statutory deposit income) 4,709 4,709Cash and bank balances 223,707 38,980Total 734,597 481,018
Description of accounting policy for receivables [text block]	NET Receivables comprise amounts due from the following: September 30, December 31, 2019SAR’000 2020 (Audited) (Unaudited) Policyholders 192,438 147,344Brokers and agents 218,869 132,590Related parties 306,847 143,711Receivables from re-takaful / reinsurance 11,368 8,465 729,522 432,110Provision for doubtful receivables (108,738) (95,961)Contributions and re-takaful / reinsurance balances receivable – net 620,784 336,149
Description of accounting policy for statutory reserve [text block]	Statutory deposit amounting to SAR 40 million (December 2019: SAR 40 million) kept with a local bank, represents 10% of the paid up share capital of the Company which is maintained in accordance with the Cooperative Insurance Companies Control Law issued by the Saudi Arabian Monetary Authority (“SAMA”). This statutory deposit cannot be withdrawn without the consent of SAMA.
Description of accounting policy for fair value measurement [text block]	Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction takes place either:- in the accessible principal market for the asset or liability, or- in the absence of a principal market, in the most advantageous accessible market for the asset or liabilityDetermination of fair value and fair value hierarchyThe Company uses the following hierarchy for determining and disclosing the fair value of financial instruments:Level 1: quoted prices in active markets for the same or identical instrument that an entity can access at the measurement date;Level 2: quoted prices in active markets for similar assets and liabilities or other valuation techniques for which all significant inputs are based on observable market data; andLevel 3: valuation techniques for which any significant input is not based on observable market data.a. Carrying amounts and fair valueThe following table shows the carrying amount and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at fair value. 21 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)11. FAIR VALUES OF FINANCIAL INSTRUMENTS (continued) Determination of fair value and fair value hierarchy (continued)a. Carrying amounts and fair value (continued) Fair value SAR’000s Carrying value Level 1 Level 2 Level 3 TotalSeptember 30, 2020 (Unaudited) Financial assets measured at fair value - Investments mandatorily measured at FVSI 362,795 362,795 - - 362,795- Investments designated as FVOCI – Quoted securities 302,536 302,536 - - 302,536- Investments designated as FVOCI – Unquoted securities 7,542 - - 7,542 7,542 672,873 665,331 - 7,542 672,873Financial assets not measured at fair value - Cash and bank balances 734,597 - - - 734,597- Investments held at amortised cost 1,728,901 - - - 1,728,901- Statutory deposit 39,969 - - - 39,969- Other assets 32,606 - - - 32,606 2,536,073 - - - 2,536,073 Fair value SAR’000s Carrying value Level 1 Level 2 Level 3 TotalDecember 31, 2019 (Audited) Financial assets measured at fair value - Investments mandatorily measured at FVSI 183,556 183,556 - - 183,556- Investments designated as FVOCI – Quoted - - securities 269,154 269,154 269,154 - Investments designated as FVOCI – - Unquoted securities 7,542 - 7,542 7,542 460,252 452,710 - 7,542 460,252 Financial assets not measured at fair value- Cash and bank balances- Investments held at amortised cost- Statutory deposits at amortised cost- Other assets 481,018 - - - 481,0181,813,705 - - - 1,813,70539,969 - - - 39,96925,101 - - - 25,1012,359,793 - - - 2,359,793 The fair values of the financial assets not measured at fair value are not materially different from their carrying values. 22 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)11. FAIR VALUES OF FINANCIAL INSTRUMENTS (continued) Determination of fair value and fair value hierarchy (continued)a. Carrying amounts and fair value (continued)Fair value SAR’000sSeptember 30, 2020 (Unaudited)Financial liabilities measured at fair value - Unit linked liabilities at FVSISAR’000sDecember 31, 2019 (Audited) Carrying value Level 1 Level 2 Level 3 Total124,497 124,497 - - 124,497124,497 124,497 - - 124,497 Fair value Carrying value Level 1 Level 2 Level 3 Total Financial liabilities measured at fair value - Unit linked liabilities at FVSI 86,821 86,821 - - 86,821 86,821 86,821 - - 86,821 i) Level 3 fair valuesReconciliation of Level 3 fair valuesThe following table shows a reconciliation from the opening balances to the closing balances for Level 3 fair values. Shareholders’ operationsSAR’000sBalance at January 1, 2020PurchasesSalesGain / loss included in statement of incomeGain / loss included in OCIBalance at September 30, 2020 Financial assets at FVOCI– Unquoted securities7,542----7,542
Description of accounting policy for seasonality of operations [text block]	There are no seasonal changes that may affect takaful operations of the Company.
Disclosure of notes forming part of accounts [abstract]
Disclosure of investments [text block]	Investments are classified as follows:SAR’000- Investments mandatorily measured at FVSI (mutual funds)- Investments designated as FVOCI (equity shares)- Investments held at amortised cost (deposits and sukuks)TotalSAR’000- Investments mandatorily measured at FVSI (mutual funds)- Investments designated as FVOCI (equity shares)- Investments held at amortised cost (deposits and sukuks)TotalSAR’000- Investments mandatorily measured at FVSI (mutual funds)- Investments designated as FVOCI (equity shares)- Investments held at amortised cost (deposits and sukuks) Takaful operations September 30, December 31, 2020 2019Notes (Unaudited) (Audited)8 (a) 340,600 170,5528 (b) 31,969 29,9828 (c) 1,638,870 1,598,708 2,011,439 1,799,242 Shareholders’ operations September 30, December 31, 2020 2019 (Unaudited) (Audited) 8 (a) 22,195 13,0048 (b) 278,109 246,7148 (c) 90,031 214,997 390,335 474,715 September 30, December 31, 2020 2019 (Unaudited) (Audited) 362,795 183,556 310,078 276,696 1,728,901 1,813,705 13 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY) 8. INVESTMENTS (continued)Movement in the investment balance is as follows:a) Investments mandatorily measured at FVSI (mutual funds)SAR’000At the beginning of the period / yearPurchased during the period / yearSold during the period / yearNet change in fair values during the period / year At the end of the period / yearSAR’000At the beginning of the period / yearPurchased during the period / yearSold during the period / yearNet change in fair values during the period / yearAt the end of the period / yearTotal Takaful operationsSeptember 30, December 31,2020 2019(Unaudited) (Audited) 170,552 129,853965,501 1,219,416(802,419) (1,185,249)6,966 6,532340,600 170,552Shareholders’ operations September 30, December 31,2020 2019(Unaudited) (Audited) 13,004 33,975708,000 545,000(698,814) (565,829)5 (142) 22,195 13,004 362,795 183,556 14 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY) 8. INVESTMENTS (continued)b) Investments designated as FVOCI (equity shares) `SAR’000Opening balanceChanges in fair value of investmentsClosing balanceSAR’000At the beginning of the period / yearBalance of equity shares portfolio with Al Rajhi Capital Cash balance with Al Rajhi Capital Equity - unlisted sharesTotal at the beginning of the period / yearMovement during the period / year` Purchased during the period / year Sold during the period / yearNet change in fair values during the period / year Net change in cash balance with Al Rajhi CapitalClosing balance of equity shares portfolioPortfolio balance with Al Rajhi Capital at the end of the periodCash balance with Al Rajhi CapitalEquity - unlisted sharesAt the end of the period / yearTotal Takaful operationsSeptember 30, December 31, 20192020 (Audited)(Unaudited) 29,982 25,3271,987 4,65531,969 29,982 Shareholders’ operationsSeptember 30, December 31, 20192020 (Audited)(Unaudited) 239,276 122,507(104) 867,542 7,542 246,714 130,13538,599 99,450(15,934) -8,626 17,319104 (190)278,109 246,714 270,567 239,276- (104)7,542 7,542278,109 246,714 310,078 276,696 15 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)8. INVESTMENTS (continued)c) Investments held at amortised cost (deposits and sukuks)Investments in Murabaha deposits and Sukuks are classified as investments measured at amortised cost. The Company’s business model for these investments is to hold to collect the contractual cash flows. The cash flows of Murabaha deposits and Sukuks represent solely payments of principal and profit on the principal outstanding. The movement during the period /year is set out below:SAR’000At the beginning of the period / yearMurabaha depositsSukukPurchasesDisposals / maturitiesAt the end of the period / year, grossLess: Impairment lossAt the end of the period / year, netSAR’000At the beginning of the period / yearMurabaha depositsSukukPurchased during the period / yearMaturities during the period / yearAt the end of the period / year, grossLess: Impairment lossAt the end of the period / year, net SAR' 000Takaful operationsSeptember 30, December 31, 20192020 (Audited)(Unaudited) 1,550,000 1,655,00050,000 50,000589,834 1,250,000(550,000) (1,355,000) 1,639,834 1,600,000(964) (1,292) 1,638,870 1,598,708SAR' 000Shareholders’ operationsSeptember 30, December 31, 20192020 (Audited)(Unaudited) 175,001 65,00040,074 20,074150,000 545,001(275,000) (415,000) 90,075 215,075(44) (78) 90,031 214,997 Total 1,728,901 1,813,705 16 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)8. INVESTMENTS (continued)d) Maximum exposure to credit risk – financial instruments subject to ECLThe following tables contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognised. The gross carrying amount of financial assets measured at amortised cost below also represents the Company’s maximum exposure to credit risk on these assets.i) Takaful operationsSeptember 30,2020(Unaudited)Financial statement line item December 31, Stage 1 Stage 2 Stage 3 Total 2019 12-month ECL Lifetime Lifetime SAR’000 ECL ECL SAR’000 SAR’000 SAR’000 SAR’000Bank balances and cash 510,890 - - 510,890 442,038Investments held at amortised cost 1,639,834 - - 1,639,834 1,600,000 Gross carrying amount 2,150,724 - - 2,150,724 2,042,038Loss allowance (964) - - (964) (1,319)Carrying amount 2,149,760 - - 2,149,760 2,040,719 September 30, 2020 (Unaudited) Credit grade December 31, Stage 1 Stage 2 Stage 3 Total 2019 12-month Lifetime Lifetime ECL ECL ECL SAR’000 SAR’000 SAR’000 SAR’000 SAR’000 Investment grade 2,150,724 - - 2,150,724 2,042,038Non investment grade - - - - -Special monitoring - - - - -Default - - - - -Gross carrying amount 2,150,724 - - 2,150,724 2,042,038Loss allowance (964) - - (964) (1,319)Carrying amount 2,149,760 - - 2,149,760 2,040,719 The Company’s exposures to credit risk are not collateralized.Investment grade includes those investments having credit exposure equivalent to Standard and Poor's rating of AAA to BBB.Non investment grade represents un-rated exposures. 17 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)8. INVESTMENTS (continued)d) Maximum exposure to credit risk – financial instruments subject to ECL (continued)ii) Shareholders’ operationsSeptember 30,2020(Unaudited) Financial statement line itemBank balancesInvestments held at amortised cost Statutory deposit December 31,Stage 1 Stage 2 Stage 3 Total 201912-month ECL Lifetime Lifetime SAR’000 ECL ECL SAR’000 SAR’000 SAR’000 SAR’000223,707 - - 223,707 38,98090,075 - - 90,075 215,07540,000 40,000 40,000 Gross carrying amount 353,782 - - 353,782 294,055Loss allowance (75) - - (75) (109)Carrying amount 353,707 - - 353,707 293,946 September 30, 2020 (Unaudited) Credit grade December 31, Stage 1 Stage 2 Stage 3 Total 2019 12-month Lifetime Lifetime ECL ECL ECL SAR’000 SAR’000 SAR’000 SAR’000 SAR’000 Investment grade 353,782 - - 353,782 294,055Non investment grade - - - - -Special monitoring - - - - -Default - - - - -Gross carrying amount 353,782 - - 353,782 294,055Loss allowance (75) - - (75) (109)Carrying amount 353,707 - - 353,707 293,946 The Company’s exposures to credit risk are not collateralized.Investment Grade includes those investments having credit exposure equivalent to Standard and Poor's rating of AAA to BBB.Non investment grade represents un-rated exposures. 18 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)8. INVESTMENTS (continued) e) Loss allowanceThe loss allowance recognised in the period and the change in the loss allowance between the beginning and the end of the annual period is given below.i) Takaful operations: Stage 1 Stage 2 Stage 3 12-month ECL Lifetime Lifetime ECL ECL Total SAR’000 SAR’000 SAR’000 SAR’000Loss allowance as at January 1, 2020 1,319 - - 1,319Movements with the statement of income Transfers: Transfer from stage 1 to stage 2 - - - -Transfer from stage 1 to stage 3 - - - -Transfer from stage 2 to stage 1 - - - -New financial assets originated or purchased 306 - - 306Net re-measurement of loss allowance - - - -Financial assets derecognised during the period (661) - - (661)Write-offs - - - -Total loss allowance for the period (355) - - (355)Loss allowance as at September 30, 2020 964 - - 964ii) Shareholders’ operations: Stage 1 Stage 2 Stage 3 12-month ECL Lifetime Lifetime ECL ECL Total SAR’000 SAR’000 SAR’000 SAR’000Loss allowance as at January 1, 2020 109 - - 109Movements with the statement of income Transfers: Transfer from stage 1 to stage 2 - - - -Transfer from stage 1 to stage 3 - - - -Transfer from stage 2 to stage 1 - - - -New financial assets originated or purchased 309 - - 309Net re-measurement of loss allowance - - - -Financial assets derecognised during the period (343) - - (343)Write-offs - - - -Total loss allowance for the period (34) - - (34)Loss allowance as at September 30, 2020 75 - - 75
Disclosure of due to related parties [text block]	Related parties represent major shareholders, directors and key management personnel of the Company, and companies of which they are principal owners and any other entities controlled, jointly controlled or significantly influenced by them. Pricing policies and terms of these transactions are approved by the Company’s management and Board of Directors. The following are the details of the major related party transactions during the period and the related balances: Transactions for the period Balance receivable / (payable) as at ended September 30, September 30, September 30, December 31, 2020 2019 2020 2019 (Unaudited) (Unaudited) (Unaudited) (Audited) SAR’000 Major shareholders Gross contribution written 571,000 678,187 303,668 142,152Claims paid 352,075 475,969 132,993 (3,348)Claims incurred and notified during the period 290,756 391,664 - (194,312)Bank Balance - - 614,213 332,713Investment in shares of Al Rajhi Banking and - - 29,920 29,783Investment Corporation Entities controlled, jointly controlled or significantly influenced by related parties Gross contribution written 9,237 2,199 3,179 1,559Claims paid 707 2,099 - -Claims incurred and notified during the period 767 2,501 520 (568)Investments managed by affiliates 4,291 24,500 226,369 115,228Income received from sale of investment in Al Rajhi Capital commodity fund 4,267 5,962 - -Investment management fee paid to Al Rajhi Capital 1,597 2,106 - -Cash balance with Al Rajhi Capital - - 9,440 -
Disclosure of zakat [text block]	A summary of Movement in the Zakat and income tax accrued during the nine month period ended 30 September 2020 and the year ended 31December 2019 are as follows: September December 31, 30, 2020 2019 (Unaudited) (Audited) SR '000 SR '000Balance at beginning of the year 40,932 33,689Provided during the period / year 19,900 22,700Payments during the period / year (16,399) (15,457)Balance at end of the period / year 44,433 40,932 Status of assessmentsThe company has submitted Zakat and income tax returns to the General Authority of Zakat and Income Tax for the years 2010 to 2019.The General Authority of Zakat and Income requested data from the company for the years from 2014 to 2018 and the data is being prepared.
Disclosure of general reserve [text block]	1 Net outstanding claims and reserves a) Net outstanding claims and reserves comprise of the following:SAR’000Outstanding claimsLess: Realizable value of salvage and subrogationClaims incurred but not reportedContribution deficiency reserveOther reservesUnit linked liabilities at FVSILess:Re-takaful / reinsurance share of outstanding claimsRe-takaful / reinsurance share of claims incurred but not reportedNet outstanding claims and reserves9.2 Movement in unearned contributionsMovement in unearned contributions comprise of the following: September 30, December 31,2020 2019(Unaudited) (Audited) 439,987 458,876(142,840) (105,275)297,147 353,601817,194 776,962122,389 26,30358,974 -1,295,704 1,156,866124,497 86,8211,420,201 1,243,68781,625 110,18025,681 13,413107,306 123,5931,312,895 1,120,094 Nine month period ended September 30, 2020(Unaudited) SAR’000Balance at the beginning of the periodContribution written during the periodContribution earned during the periodBalance at the end of the periodSAR’000Balance at the beginning of the yearContribution written during the yearContribution earned during the yearBalance at the end of the year Gross Re-takaful XOL Net (Reinsurance) 1,123,170 (111,870) - 1,011,3002,160,321 (327,786) (6,192) 1,826,343(1,982,941) 208,847 6,192 (1,767,902) 1,300,550 (230,809) - 1,069,741 Year ended December 31, 2019 (Audited) Gross Re-takaful XOL Net (Reinsurance) 1,302,633 (88,458) - 1,214,1752,569,804 (125,835) (7,833) 2,436,136(2,749,267) 102,423 7,833 (2,639,011)1,123,170 (111,870) - 1,011,300
Disclosure of compensation to key management personnel [text block]	The compensation of key management personnel during the period is as follows:Salaries and other allowancesEnd of service benefitsShariah committee remuneration For the period endedSeptember 30, September 30,2020 2019(Unaudited) (Unaudited)SAR’000 5,494 5,5153,800 2,2679,294 7,782 150 188
Disclosure of earnings per share [text block]	Earnings per share for the periods ended September 30, 2020 and September 30, 2019 is calculated by dividing the net income for the period/year attributable to the equity holders by 40 million shares. There were no dilutive potential shares in issue as at September 30, 2020 and September 30, 2019.
Disclosure of entity's operating segments [text block]	Operating segments are identified on the basis of internal reports about components of the Company that are regularly reviewed by the Company’s Board of directors in their function as chief operating decision maker in order to allocate resources to the segments and to assess their performance.Transactions between the operating segments are on normal commercial terms and conditions. The revenue from external parties reported to the Board is measured in a manner consistent with that in the interim income statement. Segment assets and liabilities comprise operating assets and liabilities.There have been no changes to the basis of segmentation or the measurement basis for the segment surplus or deficit since December 31, 2019.Segment assets do not include takaful operations’ bank balances and cash, net contributions receivable, investments etc., accordingly,they are included in unallocated assets. Segment liabilities do not include takaful operations’ payables accruals and other liabilitiesand re-takaful / re-insurance balances payable etc., accordingly, they are included in unallocated liabilities.These unallocated assets and liabilities are not reported to chief operating decision maker under related segments and are monitored on a centralized basis.The segment information provided to the Company’s Board of Directors for the reportable segments for the Company’s total assets and liabilities at September 30, 2020 and December 31, 2019, its total revenues, expenses, and net income for period ended, are as follows: For the three month period ended September 30, 2020 (Unaudited) Property Protection & & Customers' category Medical Motor casualty Savings Total SAR’000 GROSS CONTRIBUTION WRITTEN Retail 5,014 272,645 763 21,024 299,446Very small 3,923 - - - 3,923Small 16,691 1,905 - - 18,596Medium 14,138 58,387 53 - 72,578Corporate 31,797 171,533 84,832 21,058 309,220TOTAL GROSS CONTRIBUTION WRITTEN 71,563 504,470 85,648 42,082 703,763 For the three month period ended September 30, 2019 (Unaudited) Property Protection & & Customers' category Medical Motor casualty Savings Total SAR’000 GROSS CONTRIBUTION WRITTEN Retail 7,690 123,168 3,370 12,007 146,235Very small 17,925 - - - 17,925Small 13,766 12,470 - - 26,236Medium 26,077 14,367 - - 40,444Corporate 26,903 268,300 45,389 11,953 352,545TOTAL GROSS CONTRIBUTION WRITTEN 92,361 418,305 48,759 23,960 583,385 24 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY) 12. OPERATING SEGMENTS (continued)Customers' categoryGROSS CONTRIBUTION WRITTENRetailVery smallSmallMediumCorporateTOTAL GROSS CONTRIBUTION WRITTENCustomers' categoryGROSS CONTRIBUTION WRITTENRetailVery smallSmallMediumCorporateTOTAL GROSS CONTRIBUTION WRITTEN For the nine month period ended September 30, 2020(Unaudited) Property Protection & & Medical Motor casualty Savings Total SAR’000 22,011 640,253 4,210 54,828 721,3028,447 - - - 8,44734,359 9,795 - - 44,15433,811 95,586 143 - 129,540108,042 771,038 317,027 60,771 1,256,878206,670 1,516,672 321,380 115,599 2,160,321 For the nine month period ended September 30, 2019(Unaudited) Property Protection & & Medical Motor casualty Savings Total SAR’000 24,451 355,749 6,321 33,889 420,41073,784 - - - 73,78456,664 39,725 - - 96,389107,343 64,872 - - 172,215128,240 960,884 83,966 35,728 1,208,818390,482 1,421,230 90,287 69,617 1,971,616 25 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE(A SAUDI JOINT STOCK COMPANY)12. OPERATING SEGMENTS (continued) As at September 30, 2020 (Unaudited) Takaful operations Property Protection Total - Shareholders’ & Casualty & Takaful operations Operating segments Medical Motor Savings operations Total SAR’000 Assets: Cash and bank balances - - - - 510,890 223,707 734,597Contributions and re-takaful / reinsurance balances receivable – net - - - - 620,784 - 620,784Re-takaful / reinsurance share of unearned contributions - 20,807 207,332 2,670 230,809 - 230,809Re-takaful / reinsurance share of outstanding claims - 14,506 51,940 15,179 81,625 - 81,625Re-takaful / reinsurance share of claims incurred but not reported - - 11,825 13,856 25,681 - 25,681Deferred policy acquisition costs 9,480 48,134 6,071 466 64,151 - 64,151Investments mandatorily measured at FVSI - - - - 340,600 22,195 362,795Investments designated as FVOCI - - - - 31,969 278,109 310,078Investments held at amortised cost - - - - 1,638,870 90,031 1,728,901Right-of-use assets - - - - - 43,612 43,612Unallocated assets - - - - 79,233 161,121 240,354Total assets 9,480 83,447 277,168 32,171 3,624,612 818,775 4,443,387Liabilities: Unearned contributions 127,306 945,568 223,415 4,261 1,300,550 - 1,300,550Unearned re-takaful / reinsurance commission - 817 17,087 - 17,904 - 17,904Gross outstanding claims 5,157 213,480 56,373 22,137 297,147 - 297,147Claims incurred but not reported 111,168 671,783 13,805 20,438 817,194 - 817,194Contribution deficiency reserve 16,362 103,634 2,393 - 122,389 - 122,389Other reserves - 56,474 2,500 - 58,974 - 58,974Lease obligations - - - - - 39,771 39,771Unallocated liabilities, equity and surplus - - - - 601,787 1,187,671 1,789,458Total liabilities, accumulated surplus and equity 259,993 1,991,756 315,573 46,836 3,215,945 1,227,442 4,443,387 26 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE(A SAUDI JOINT STOCK COMPANY)12. OPERATING SEGMENTS (continued) As at December 31, 2019 (Audited) Takaful operations Property Protection Total - Shareholders’ & & Takaful operations Operating segments Medical Motor casualty Savings operations Total SAR’000 Assets: Cash and bank balances - - - - 442,038 38,980 481,018Contributions and re-takaful / reinsurance balances receivable – net - - - - 336,149 - 336,149Re-takaful / reinsurance share of unearned contributions - 30,343 79,824 1,703 111,870 - 111,870Re-takaful / reinsurance share of outstanding claims - 19,531 80,685 9,964 110,180 - 110,180Re-takaful / reinsurance share of claims incurred but not reported - - 6,815 6,598 13,413 - 13,413Deferred policy acquisition costs 13,430 24,567 6,096 419 44,512 - 44,512Investments mandatorily measured at FVSI - - - - 170,552 13,004 183,556Investments designated as FVOCI - - - - 29,982 246,714 276,696Investments held at amortised cost - - - - 1,598,708 214,997 1,813,705Right-of-use assets - - - - - 9,772 9,772Unallocated assets - - - - 89,095 133,308 222,403Total assets 13,430 74,441 173,420 18,684 2,946,499 656,775 3,603,274 Liabilities: Unearned contributions 193,718 827,478 97,831 4,143 1,123,170 - 1,123,170Unearned re-takaful / reinsurance commission - 1,291 7,501 - 8,792 - 8,792Gross outstanding claims 23,172 231,011 84,827 14,591 353,601 - 353,601Claims incurred but not reported 173,995 584,603 8,454 9,910 776,962 - 776,962Contribution deficiency reserve 25,292 - 1,011 - 26,303 - 26,303Lease obligations - - - - - 6,978 6,978Unallocated liabilities, equity and surplus - - - - 329,660 977,808 1,307,468 Total liabilities, accumulated surplus and equity 416,177 1,644,383 199,624 28,644 2,618,488 984,786 3,603,274 27 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)12. OPERATING SEGMENTS (continued) For the three month period ended September 30, 2020 (Unaudited) Property Protection & & Operating segments Medical Motor Casualty Savings Total SAR’000 REVENUES Gross contributions written 71,563 504,470 85,648 42,082 703,763Re-takaful / reinsurance contributions ceded - (507) (73,944) (14,481) (88,932)Excess of loss expenses (XOL) - (1,217) (848) - (2,065)Net contributions written 71,563 502,746 10,856 27,601 612,766Changes in unearned contributions, net 7,569 (14,637) (1,597) 544 (8,121)Net contributions earned 79,132 488,109 9,259 28,145 604,645Re-takaful / reinsurance commission income - 288 5,532 - 5,820 Other underwriting income (29) 296 19 650 936TOTAL REVENUES 79,103 488,693 14,810 28,795 611,401UNDERWRITING COSTS AND EXPENSES Gross claims paid and loss adjustment expenses (64,250) (275,596) (20,617) (12,876) (373,339)Surrender and maturities - - - (4,415) (4,415)Expenses incurred related to claims 62 (14,514) - - (14,452)Re-takaful / reinsurance share of claims paid - - 20,233 8,735 28,968Net claims and other benefits paid (64,188) (290,110) (384) (8,556) (363,238)Changes in outstanding claims, net (291) 10,094 (520) (2,671) 6,612Changes in claims incurred but not reported (21,734) 1,208 (207) (9) (20,742)Contribution deficiency reserve (1,241) (7,549) 2,694 - (6,096)Change in other reserves - (44,450) (2,500) - (46,950)Net claims and other benefits incurred (87,454) (330,807) (917) (11,236) (430,414)Change in unit linked liabilities at FVSI, net - - - (10,709) (10,709)Policy acquisition costs (7,384) (27,992) (4,858) (4,002) (44,236)Other underwriting expenses (628) (4,246) (575) (292) (5,741)TOTAL UNDERWRITING COSTS AND EXPENSES (95,466) (363,045) (6,350) (26,239) (491,100)NET UNDERWRITING INCOME (16,363) 125,648 8,460 2,556 120,301OTHER OPERATING EXPENSES Reversal / (allowance) for doubtful debts - contributions and re-takaful / reinsurance balances - - - - 4,623General and administrative expenses - - - - (73,606)Special commission income - - - - 14,556Net gains on investments mandatorily measured - - - - 3,793Dividend income - - - - 2,054Impairment loss on financial assets - - - - (86)Other income - - - - 241NET INCOME FOR THE PERIOD BEFORE ZAKAT 71,876 28 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)12. OPERATING SEGMENTS (continued) For the three month period ended September 30, 2019 (Unaudited) Protection Property & & Operating segments Medical Motor casualty Savings Total SAR’000 REVENUES Gross contributions written 92,361 418,305 48,759 23,960 583,385Re-takaful / reinsurance contributions ceded - (214) (27,673) (4,312) (32,199)Excess of loss expenses (XOL) - (1,638) (666) - (2,304)Net contributions written 92,361 416,453 20,420 19,648 548,882Changes in unearned contributions, net 68,560 32,884 (11,180) 1,021 91,285Net contributions earned 160,921 449,337 9,240 20,669 640,167Re-takaful / reinsurance commission income - 103 2,549 - 2,652Other underwriting income (98) 93 29 440 464TOTAL REVENUES 160,823 449,533 11,818 21,109 643,283 UNDERWRITING COSTS AND EXPENSES Gross claims paid and loss adjustment expenses (158,387) (319,725) (1,646) (806) (480,564)Surrender and maturities - - - (2,696) (2,696)Expenses incurred related to claims (868) (13,638) - - (14,506)Re-takaful / reinsurance share of claims paid - 456 948 637 2,041Net claims and other benefits paid (159,255) (332,907) (698) (2,865) (495,725)Changes in outstanding claims, net 48,490 (22,182) 163 (1,819) 24,652Changes in incurred but not reported (IBNR) claims, net (24,866) (8,083) (175) (5,794) (38,918)Change in contribution deficiency reserve 23,381 - - - 23,381Net claims and other benefits incurred (112,250) (363,172) (710) (10,478) (486,610)Change in unit linked liabilities at FVSI - - - (5,173) (5,173)Policy acquisition costs (13,566) (11,212) (3,204) (2,696) (30,678)Other underwriting expenses 4 (2,943) (416) (119) (3,474)TOTAL UNDERWRITING COSTS AND EXPENSES (125,812) (377,327) (4,330) (18,466) (525,935)NET UNDERWRITING INCOME 35,011 72,206 7,488 2,643 117,348OTHER OPERATING EXPENSES Allowance for doubtful debts - contribution and re-takaful / reinsurance balances receivable (9,535)General and administrative expenses (63,771)Special commission income - - - - 17,484Net gains on investments mandatorily measured at FVSI - - - - 2,820Dividend income - - - - 2,007Reversal of impairment loss on financial assets - - - - (55)Other income - - - - 312NET INCOME FOR THE PERIOD BEFORE ZAKAT 66,610 29 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)12. OPERATING SEGMENTS (continued) For the nine month period ended September 30, 2020 (Unaudited) Property Protection & & Operating segments Medical Motor Casualty Savings Total SAR’000 REVENUES Gross contributions written 206,670 1,516,672 321,380 115,599 2,160,321Re-takaful / reinsurance contributions ceded - (2,750) (295,315) (29,721) (327,786)Excess of loss expenses (XOL) - (3,648) (2,544) - (6,192)Net contributions written 206,670 1,510,274 23,521 85,878 1,826,343Changes in unearned contributions, net 66,412 (127,625) 1,924 848 (58,441)Net contributions earned 273,082 1,382,649 25,445 86,726 1,767,902Re-takaful / reinsurance commission income - 1,161 14,767 - 15,928 Other underwriting income (30) 584 42 1,620 2,216TOTAL REVENUES 273,052 1,384,394 40,254 88,346 1,786,046 UNDERWRITING COSTS AND EXPENSES Gross claims paid and loss adjustment expenses (328,544) (698,652) (26,221) (40,404) (1,093,821)Surrender and maturities - - - (8,780) (8,780)Expenses incurred related to claims (653) (39,519) - - (40,172)Re-takaful / reinsurance share of claims paid - 1,503 25,327 26,843 53,673Net claims and other benefits paid (329,197) (736,668) (894) (22,341) (1,089,100)Changes in outstanding claims, net 18,016 12,507 (292) (2,332) 27,899Changes in incurred but not reported (IBNR) claims, net 62,827 (87,180) (341) (3,270) (27,964)Contrbution deficiency reserve 8,930 (103,634) (1,382) - (96,086)Change in other reserves - (56,474) (2,500) - (58,974)Net claims and other benefits incurred (239,424) (971,449) (5,409) (27,943) (1,244,225)Change in unit linked liabilities at FVSI, net - - - (30,990) (30,990)Policy acquisition costs (21,614) (56,665) (8,873) (12,661) (99,813)Other underwriting expenses (1,389) (13,068) (2,251) (818) (17,526)TOTAL UNDERWRITING COSTS AND EXPENSES (262,427) (1,041,182) (16,533) (72,412) (1,392,554)NET UNDERWRITING INCOME 10,625 343,212 23,721 15,934 393,492OTHER OPERATING EXPENSES Allowance for doubtful debts - contribution and re-takaful / reinsurance balances receivable - - - - (12,777)General and administrative expenses - - - - (223,952)Special commission income - - - - 43,670Net gains on investments mandatorily measured at FVSI - - - - 10,266Dividend income - - - - 5,888Reversal of impairment loss on financial assets - - - - 389Other income - - - - 632NET INCOME FOR THE PERIOD BEFORE ZAKAT 217,608 30 AL RAJHI COMPANY FOR COOPERATIVE INSURANCE (A SAUDI JOINT STOCK COMPANY)12. OPERATING SEGMENTS (continued) For the nine month period ended September 30, 2019 (Unaudited) Protection Property & & Operating segments Medical Motor casualty Savings Total SAR’000 REVENUES Gross contributions written 390,482 1,421,230 90,287 69,617 1,971,616Re-takaful / reinsurance contributions ceded - (1,860) (54,270) (10,835) (66,965)Excess of loss expenses (XOL) - (4,348) (1,188) - (5,536)Net contributions written 390,482 1,415,022 34,829 58,782 1,899,115Changes in unearned contributions, net 139,462 (7,534) (13,487) 1,232 119,673Net contributions earned 529,944 1,407,488 21,342 60,014 2,018,788Re-takaful / reinsurance commission income - 512 6,079 - 6,591Other underwriting income (203) 396 137 1,237 1,567TOTAL REVENUES 529,741 1,408,396 27,558 61,251 2,026,946 UNDERWRITING COSTS AND EXPENSES Gross claims paid and loss adjustment expenses (527,573) (956,018) (296,976) (8,664) (1,789,231)Surrender and maturities - - - (5,704) (5,704)Expenses incurred related to claims (3,256) (44,320) (47,576)Re-takaful / reinsurance share of claims paid - 4,750 295,209 5,599 305,558Net claims and other benefits paid (530,829) (995,588) (1,767) (8,769) (1,536,953)Changes in outstanding claims, net 29,406 (47,154) (101) (1,753) (19,602)Changes in incurred but not reported (IBNR) claims, net (100,967) 25,231 286 (6,060) (81,510)Change in contribution deficiency reserve (23,381) - (1,038) - (24,419)Net claims and other benefits incurred (625,771) (1,017,511) (2,620) (16,582) (1,662,484)Change in unit linked liabilities at FVSI - - - (17,919) (17,919)Policy acquisition costs (41,709) (31,391) (6,941) (6,773) (86,814)Other underwriting expenses (5,730) (10,952) (310) (346) (17,338)TOTAL UNDERWRITING COSTS AND EXPENSES (673,210) (1,059,854) (9,871) (41,620) (1,784,555) NET UNDERWRITING INCOME (143,469) 348,542 17,687 19,631 242,391OTHER OPERATING EXPENSES Allowance for doubtful debts - contribution and re-takaful / reinsurance balances receivable (12,859)General and administrative expenses (174,343)Special commission income 54,633Net gains on investments mandatorily measured at FVSI 10,546Dividend income 5,409Reversal of impairment loss on financial assets 59Other income 1,191NET INCOME FOR THE PERIOD BEFORE ZAKAT 127,027
Disclosure of board of director's approval of the financial statements [text block]	These Interim condensed financial information were approved by the Board of Directors of the Company, on Rabi Al -Awwal 11 1442, corresponding October 28, 2020.

[100010] Filing information	[200100] Independent auditors report	[300100] Statement of financial position, order of liquidity
[300200] Statement of insurance/ takaful operations, nature of expense	[300300] Statement of shareholders operations, nature of expense	[300400] Statement of other comprehensive income, before tax, insurance operations
[300500] Statement of other comprehensive income, before tax, shareholders operations	[300600] Statement of cash flows, indirect method, insurance operations	[300700] Statement of cash flows, indirect method, shareholders operations
[300800] Statement of changes in equity	[400100] Notes forming part of accounts