	English [member]
Start Date	2021-07-01	2020-07-01
End Date	2021-09-30	2020-09-30
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	2021-07-01	2020-07-01
Reporting period end date	2021-09-30	2020-09-30
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

[200100] Independent auditors report

	Primary auditor [member]	Second primary auditor [member]
	English [member]	English [member]
Start Date	2021-07-01	2021-07-01
End Date	2021-09-30	2021-09-30
Auditors information [line items]
Details of auditors signing report [abstract]
Name of auditor signing report	Abdullah AlAzem	Sulieman Alkharashi
Registration number of auditor	335	91
Details of audit firm [abstract]
Name of audit firm	Crowe Global	Al kharashi & Co.
Registration number of audit firm	323/11/148	536
Contact number of audit firm	011 217 5000	011 479 1563
Address of audit firm	P.O. Box 10504, Riyadh 11443, Kingdom of Saudi Arabia	P.O. Box 8306, Riyadh 11482, Kingdom of Saudi Arabia

	English [member]
Start Date	2021-07-01
End Date	2021-09-30
Auditors report [line items]
Disclosures of auditors report [text block]	We have reviewed the accompanying interim condensed statement of financial position of Al Rajhi CompanyFor Cooperative Insurance (the “Company”) as at 30 September 2021 and the related interim condensed statement ofincome and other comprehensive income for the three and nine month periods then ended and statement ofchanges in equity and statement of cash flows for the nine months period then ended, and a summary ofsignificant accounting policies and other explanatory notes (the “interim condensed financial information”).Management is responsible for the preparation and presentation of these interim condensed financialinformation in accordance with International Accounting Standard 34 - “Interim Financial Reporting” (“IAS34”) that is endorsed in the Kingdom of Saudi Arabia. Our responsibility is to express a conclusion on thisinterim condensed financial information based on our review.
Contents of auditors report [abstract]
Nature of auditors opinion	Unmodified opinion
Auditors opinion	Based on our review, nothing has come to our attention that causes us to believe that the accompanying interimcondensed financial information is not prepared, in all material respects, in accordance with IAS 34 that isendorsed in the Kingdom of Saudi Arabia.
Basis of opinion	We conducted our review in accordance with International Standard on Review Engagement 2410, “Review ofInterim Financial Information Performed by the Independent Auditor of the Entity”, that is endorsed in theKingdom of Saudi Arabia. A review of interim condensed financial information consists of making inquiries,primarily of persons responsible for financial and accounting matters and applying analytical and other reviewprocedures. A review is substantially less in scope than an audit conducted in accordance with InternationalStandards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable usto obtain assurance that we would become aware of all significant matters that might be identified in an audit.Accordingly, we do not express an audit 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 accordancewith the International Financial Reporting Standards, as endorsed in the Kingdom of Saudi Arabia, the applicablerequirements of the Regulations for Companies and the Company’s By-laws, and for such internal control as theDirectors determine is necessary to enable the preparation of financial statements that are free from materialmisstatement, whether due to fraud or error.In preparing the financial statements, the Directors are responsible for assessing the Company’s ability to continueas a going concern, disclosing, as applicable, matters related to going concern and using the going concern basisof accounting unless Directors either intend to liquidate the Company or to cease operations, or have no realisticalternative but to do so.
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 as 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.As part of an audit in accordance with ISAs as endorsed in the Kingdom of Saudi Arabia, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control; Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control; Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Directors; Conclude on the appropriateness of the Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern; and Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Date of signing audit report by auditor	2021-11-09

Start Date	2021-01-01	2020-01-01	2020-01-01
End Date	2021-09-30	2020-12-31	2020-09-30
Statement of financial position [abstract]
Assets [abstract]
Insurance/ takaful operations assets [abstract]
Investments held-to-maturity, insurance/ takaful operations assets	1,412,471	1,229,030	1,638,870
Deferred policy acquisition costs	114,630	87,591	64,151
Reinsurers/ retakaful share of unearned premiums/ contributions	269,120	210,423	230,809
Prepayments and other assets, insurance/ takaful operations assets	92,768	83,494	98,209
Due from shareholders operations	-331,236	-533,451	-408,667
Premiums/ insurance receivables/takaful contributions receivable, net	541,195	564,188	620,784
Reinsurers/ retakaful share of outstanding claims/ benefits, net	196,853	85,469	81,625
Available-for-sale investments, insurance/ takaful operations assets	38,983	30,107	31,969
Investments held at fair value through statement of income, insurance/ takaful operations assets	541,937	461,621	340,600
Cash and cash equivalents, insurance/ takaful operations assets	310,354	810,564	491,890
Reinsurers/ retakaful share of mathematical reserves	26	23	24
Reinsurance Retakaful share of outstanding claims IBNR	67,578	26,957	25,681
Total insurance/ takaful operations assets	3,254,679	3,056,016	3,215,945
Shareholders assets [abstract]
Property and equipment, net, shareholders assets	116,288	100,298	44,620
Investments held-to-maturity, shareholders assets	319,855	150,009	90,031
Statutory deposit	39,971	39,969	39,969
Prepayments and other assets, shareholders assets	25,164	28,656	79,366
Investments held at fair value through statement of income, shareholders assets	142,680	72,098	22,195
Accrued investment income	3,274	2,227	1,875
Available-for-sale investments, shareholders assets	373,512	296,341	278,109
Due from insurance/ takaful operations assets	331,236	533,451	408,667
Cash and cash equivalents, shareholders assets	80,371	37,548	218,998
Right-of-use assets	58,624	43,649	43,612
Total shareholders assets	1,490,975	1,304,246	1,227,442
Total assets	4,745,654	4,360,262	4,443,387
Liabilities and equity [abstract]
Insurance/ takaful operations liabilities and surplus (deficit) [abstract]
Insurance/ takaful operations liabilities [abstract]
Gross unearned premiums/ contributions	1,253,208	1,204,917	1,300,550
Unearned commission income	24,022	14,902	17,904
Surplus distribution payable	64,002	48,316	47,664
Reinsurers/ retakaful balance payable	199,728	177,442	225,316
Gross outstanding claims/ benefits including IBNR payable	1,297,608	1,180,823	1,114,341
Other technical reserves	57,990	74,952	181,363
Accrued expenses payable, insurance/ takaful operations liabilities	148,657	214,502	203,379
Unit linked liabilities at FVSI	201,529	141,093	124,497
Total insurance/ takaful operations liabilities	3,246,744	3,056,947	3,215,014
Insurance/ takaful operations surplus (deficit) [abstract]
Fair value reserves on investments	7,935	-931	931
Total insurance/ takaful operations surplus (deficit)	7,935	-931	931
Total insurance/ takaful operations liabilities and surplus (deficit)	3,254,679	3,056,016	3,215,945
Shareholders liabilities and equity [abstract]
Shareholders liabilities [abstract]
Zakat payable	54,183	47,904	44,433
Accrued expenses payable, shareholders liabilities	44,568	65,699	52,990
Other liabilities, shareholders liabilities	7,684	6,937	6,584
Lease liabilities	54,882	42,714	39,771
End of service liability	-25,356	-27,680	-21,579
Total shareholders liabilities	186,673	190,934	165,357
Shareholders equity [abstract]
Equity attributable to owners of parent [abstract]
Share capital	400,000	400,000	400,000
Statutory reserve	185,599	158,491	152,499
Fair value reserve on investments, shareholders equity	106,678	45,798	38,209
Retained earnings (accumulated losses)	619,777	516,775	472,905
Other reserves	-7,752	-7,752	-1,528
Total equity attributable to owners of parent	1,304,302	1,113,312	1,062,085
Total equity attributable to equity holders of company	1,304,302	1,113,312	1,062,085
Total shareholders liabilities and equity	1,490,975	1,304,246	1,227,442
Total insurance/ takaful operations liabilities, surplus (deficit) and shareholders liabilities and equity	4,745,654	4,360,262	4,443,387

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
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	618,334	703,763	2,116,081	2,160,321
Excess of loss expense	2,676	2,065	8,030	6,192
Reinsurance/ retakaful premiums ceded	108,697	88,932	432,243	327,786
Net premiums/ contributions written	506,961	612,766	1,675,808	1,826,343
Changes in unearned premiums/ contributions	-45,412	8,121	-10,406	58,441
Net premiums/ contributions earned	552,373	604,645	1,686,214	1,767,902
Reinsurance/ retakaful commissions	9,155	5,820	27,068	15,928
Fees and other income from insurance/ takaful operations	1,706	936	4,231	2,216
Total income from insurance/ takaful operations	563,234	611,401	1,717,513	1,786,046
Cost and expenses [abstract]
Net claims/ benefits incurred [abstract]
Net claims/ benefits paid [abstract]
Gross claims/ benefits paid	472,634	392,206	1,345,814	1,142,773
Reinsurance/ retakaful share of gross claims/ benefits paid	26,030	28,968	75,386	53,673
Net claims/ benefits paid	446,604	363,238	1,270,428	1,089,100
Changes in outstanding claims/ benefits including IBNR	-11,847	61,080	-35,222	59,039
Changes in other reserves	-27,229	6,096	-16,962	96,086
Net claims/ benefits incurred	407,528	430,414	1,218,244	1,244,225
Policy acquisition costs	48,961	44,236	135,706	99,813
General and administrative expenses, insurance/ takaful operations	61,898	73,606	190,048	223,952
Other underwriting expenses	5,811	5,741	12,843	17,526
Realised gain (loss) on investments held at fair value through statement of income	5,145	3,169	10,072	8,575
Unrealised gain (loss) on investments held at fair value through statement of income	-81	-134	-43	355
Other cost and expenses	4,805	-4,623	10,657	12,777
Change in unit linked liabilities at FVSI net	10,711	10,709	37,462	30,990
Invesment Income	11,335	13,876	34,286	39,545
Total cost and expenses	523,315	543,172	1,560,645	1,580,808
Surplus (deficit) for period from insurance/ takaful operations	39,919	68,229	156,868	205,238
Shareholders appropriation from insurance/ takaful operations surplus (deficit)	35,927	61,406	141,182	184,714
Net result for period from insurance/ takaful operations after shareholders appropriation	3,992	6,823	15,686	20,524
Policyholders share of accumulated surplus, at end of period	3,992	6,823	15,686	20,524

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of shareholders operations [abstract]
Profit (loss) [abstract]
Income (loss) from continuing operations [abstract]
Shareholders appropriation of surplus (deficit) transferred from insurance/ takaful operations	35,927	61,406	141,182	184,714
Revenue [abstract]
Fee income	61,898	73,606	190,048	223,952
Investment income	1,329	680	3,200	4,125
Realised gain (loss) on investments held as fair value through statement of income	1,344	624	2,769	1,691
Unrealised gain (loss) on investments held as fair value through statement of income	80	48	-128	34
Dividend income	4,082	2,054	9,661	5,888
Other income	164	241	426	632
Total revenue	68,897	77,253	205,976	236,322
Expenses [abstract]
General and administrative expenses, shareholders operations	61,898	73,606	190,048	223,952
Total expenses	61,898	73,606	190,048	223,952
Income (loss) from continuing operations before zakat and income tax	42,926	65,053	157,110	197,084
Zakat expenses on continuing operations for period	13,000	7,250	27,000	19,900
Profit (loss) from continuing operations	29,926	57,803	130,110	177,184
Profit (loss) for the period	29,926	57,803	130,110	177,184
Profit (loss), attributable to [abstract]
Profit (loss), attributable to saudi shareholders of company	29,926	57,803	130,110	177,184
Earnings per share [abstract]
Basic earnings (loss) per share [abstract]
Basic earnings (loss) per share from continuing operations	0.7482	1.4451	3.2528	4.4296
Total basic earnings (loss) per share	0.7482	1.4451	3.2528	4.4296
Weighted average number of equity shares outstanding	40000000	40000000	40000000	40000000

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of other comprehensive income, before tax [abstract]
Net result for period from insurance/ takaful operations after shareholders appropriation	3,992	6,823	15,686	20,524
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	2,110	5,246	8,876	1,987
Total other comprehensive income (loss), available-for-sale financial assets	2,110	5,246	8,876	1,987
Total other comprehensive income (loss), that will be reclassified to profit or loss	2,110	5,246	8,876	1,987
Total other comprehensive income (loss)	2,110	5,246	8,876	1,987
Total comprehensive income (loss) for period	6,102	12,069	24,562	22,511

Start Date	2021-07-01	2020-07-01	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30	2021-09-30	2020-09-30
Statement of other comprehensive income, before tax [abstract]
Statement of comprehensive income [abstract]
Profit (loss) for the period	29,926	57,803	130,110	177,184
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	11,818	28,405	60,870	8,626
Total other comprehensive income (loss), available-for-sale financial assets	11,818	28,405	60,870	8,626
Total other comprehensive income (loss), that will be reclassified to profit or loss	11,818	28,405	60,870	8,626
Total other comprehensive income (loss)	11,818	28,405	60,870	8,626
Total comprehensive income (loss) for period	41,744	86,208	190,980	185,810
Total comprehensive income (loss) attributable to [abstract]
Total comprehensive income (loss), attributable to saudi shareholders of company	41,744	86,208	190,980	185,810

Start Date	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30
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	15,686	20,524
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	-24,839	-6,966
Adjustments for allowance for doubtful receivables	10,926	12,777
Adjustments for impairment (reversal of impairment) charges for investments, insurance/ takaful operations cash flow	43	-355
Management fees for Admin of takaful	190,048	223,952
Management fees for shareholder operations	141,182	184,714
Total adjustments to reconcile net income to net cash from insurance/ takaful operations after shareholders appropriation	317,360	414,122
Changes in operating assets and liabilities [abstract]
Adjustments for decrease (increase) in premium receivables, net	12,067	-297,412
Adjustments for increase (decrease) in outstanding claims including IBNR	-40,621	-12,268
Adjustments for increase (decrease) in reinsurers/ retakaful balance payable	22,286	130,679
Adjustments for increase (decrease) in accrued expenses and other liabilities	-65,845	111,005
Adjustments for decrease (increase) in reinsurers/ retakaful share of outstanding claims, net	-111,384	28,555
Adjustments for decrease (increase) in deferred policy acquisition costs	-27,039	-19,639
Adjustments for decrease (increase) in advances and other receivables	10,174	9,865
Adjustments for decrease (increase) in unearned commission income	9,120	9,112
Adjustments for movement in gross unearned premiums/ contributions	48,291	177,380
Adjustments for reinsurance/ retakaful share of unearned premiums/ contributions	-58,697	-118,939
Retakaful reinsurance share of financial liabilities at FVSI	-3	-3
Financial liabilities at FVSI	60,436	37,676
Gross outstanding claims	133,017	-56,454
Claims Incurred but not reported	-33,194	195,292
Deposit against letters of guarantee	-19,389	3,456
Total changes in operating assets and liabilities	-60,781	198,305
Net cash flows from (used in) insurance/ takaful operations	272,265	632,951
Other inflows (outflows) of cash classified as operating activities, insurance/ takaful operations cash flow	-3	-29,743
Management fee	-533,451	-328,011
Net cash flows from (used in) operating activities, insurance/ takaful operations	-261,189	275,197
Cash flows from (used in) investing activities, insurance/ takaful operations [abstract]
Proceeds from sales of held-to-maturity investments, insurance/ takaful operations cash flow	201,226	550,000
Proceeds from sales of investments held as fair value through statement of income, insurance/ takaful operations cash flow	1,210,424	802,419
Purchase of held-to-maturity investments, insurance/ takaful operations cash flow	384,770	589,834
Purchase of investments held as fair value through statement of income, insurance/ takaful operations cash flow	1,265,901	965,501
Net cash flows from (used in) investing activities, insurance/ takaful operations	-239,021	-202,916
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	-500,210	72,281
Net increase (decrease) in cash and cash equivalents	-500,210	72,281
Cash and cash equivalents at beginning of period	810,564	419,609
Cash and cash equivalents at end of period	310,354	491,890

	English [member]	Note No.
Start Date	2021-07-01	2020-07-01
End Date	2021-09-30	2020-09-30
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 8,876 1,987

Start Date	2021-01-01	2020-01-01
End Date	2021-09-30	2020-09-30
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	157,110	197,084
Net profit (loss) for period (before zakat expenses and income tax)	157,110	197,084
Adjustments to reconcile profit (loss) [abstract]
Adjustments for unrealised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	-342	-5
Adjustment for depreciation and amortisation	9,845	6,088
Adjustment for management fees for administration of takaful operations	-190,048	-223,952
Adjustment for management fees attributable to shareholders operations	-141,182	-184,714
Adjustments for realised loss (gain) on investments held as fair value through statement of income, shareholders cash flow	128	-34
Depreciation, right-of-use assets	7,002	5,896
Adjustments for finance costs	1,851	1,201
Adjustments for End of service benefits	-6,195	-5,006
Total adjustments to reconcile profit (loss)	-306,551	-390,514
Changes in operating assets and liabilities [abstract]
Adjustments for increase (decrease) in accrued expenses and other liabilities, shareholders cash flow	-20,384	17,592
Adjustments for decrease (increase) in prepayments and other assets, shareholders assets	3,442	-7,525
Adjustments for decrease (increase) in statutory deposits	-2	0
Accrued income on statutory deposit	-1,047	-931
Total changes in operating assets and liabilities	-17,991	9,136
Net cash flows from (used in) operations	-167,432	-184,294
Zakat expenses	20,721	16,399
End of service paid	-6,195	-2,047
Management fee paid received	533,451	328,011
Net cash flows from (used in) operating activities	339,103	125,271
Cash flows from (used in) investing activities [abstract]
Purchase of investments held at fair value through statement of income	646,162	708,000
Proceeds from investments held at fair value through statement of income	575,922	698,814
Purchase of available-for-sale investments	28,034	38,599
Proceeds from disposal of available-for-sale investments	11,733	15,934
Purchase of held-to-maturity investments	189,999	150,000
Proceeds from disposal of held-to-maturity investments	20,074	275,000
Purchase of property and equipment	25,836	25,445
Other inflows (outflows) of cash		-104
Net cash flows from (used in) investing activities	-282,302	67,600
Cash flows from (used in) financing activities [abstract]
Payments of finance lease liabilities	13,978	8,144
Net cash flows from (used in) financing activities	-13,978	-8,144
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes	42,823	184,727
Net increase (decrease) in cash and cash equivalents	42,823	184,727
Cash and cash equivalents at beginning of period	37,548	34,271
Cash and cash equivalents at end of period	80,371	218,998

	English [member]	Note No.
Start Date	2021-07-01	2020-07-01
End Date	2021-09-30	2020-09-30
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 60,870 8,626

[400100] Notes forming part of accounts

	English [member]	Note No.
Start Date	2021-07-01
End Date	2021-09-30
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]	(a) Basis of presentation 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 and calculates 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 and Implementation Regulations issued by the Saudi Central Bank (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 takaful operations are amalgamated and combined with those of the shareholders’ operations. Interoperation balances, transactions and unrealised gains or losses, if any, are eliminated in full during amalgamation. The accounting policies adopted for the takaful operations and shareholders’ operations are uniform for like transactions and events in similar circumstances. b) Critical accounting judgments, estimates and assumptions 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 2020. Further, the Company has considered the following: On 11 March 2020, the World Health Organization (“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 consequential disruption to the social and economic activities in the market, the Company’s management has proactively assessed its 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 reserves Based 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 March 31, 2021 for its liability adequacy test. Based on the results, the Company has booked an amount of SR 24.5 million (December 31, 2020: SR 21.6 million) as a contribution deficiency reserve.b) Critical accounting judgments, estimates and assumptions (continued) Motor technical reserves (continued)In 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 existing motor policies as new policy and record a premium deficiency reserve based on the expected claims for the extended 2 months period. 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 85.9 million as at 31 March, 2021 (31 December, 2020: SR 52.8 million) Financial assets The 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. 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-month period ended 31 March 2021. The Company’s management will continue to reassess its position and the related impact on a regular basis. Credit risk management The 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. c) Seasonality of operations There are no seasonal changes that may affect takaful operations of the Company. d) Functional and presentation currency 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 statement of compliance [text block]	These interim condensed financial statements (interim condensed financial information) of the Company as at and for the three months period ended 30 September 2021 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 Saudi Organization of Certified Public Accountants (SOCPA).”
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, 2020
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 "SAR’000" "September 30, 2021(Unaudited)" "December 31, 2020(Audited)"Bank balances and cash 160,354 185,564 Deposits maturing within 3 months from the acquisition date 150,000 625,000 Cash and cash equivalents in the statement of cash flow 310,354 810,564 Less : Impairment loss (108) (169)Cash and cash equivalents, net 310,246 810,395 Deposits against letters of guarantee 40,462 21,073 Cash and bank balances 350,708 831,468 Shareholders’ operations SAR’000 "September 30, 2021(Unaudited)" "December 31, 2020(Audited)"Bank balances and cash 11,295 38,194 Deposits maturing within 3 months from the acquisition date 70,000 - (924) (646)Cash and cash equivalents in the statement of cash flow 80,371 37,548 Less : Impairment loss (50) - Cash and cash equivalents, net 80,321 37,548 Cash at banks (statutory deposit income) 4,709 4,709 Cash and bank balances 85,030 42,257 Total 435,738 873,725
Description of accounting policy for statutory reserve [text block]	Statutory deposit amounting to SAR 40 million (December 2020: 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 Central Bank (“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 liability Determination of fair value and fair value hierarchy The 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; and Level 3: valuation techniques for which any significant input is not based on observable market data.
Disclosure of notes forming part of accounts [abstract]
Disclosure of reinsurers/ retakaful share of unearned premium/ contributions, net [text block]	Movement in unearned contributions comprise of the following: " Nine month period ended September 30, 2021(Unaudited) " SAR’000 Gross Re-takaful (Reinsurance) XOL Net Balance at the beginning of the period 1,204,917 (210,423) - 994,494 Contribution written during the period 2,116,081 (432,243) (8,030) 1,675,808 Contribution earned during the period (2,067,790) 373,546 8,030 (1,686,214) Balance at the end of the period 1,253,208 (269,120) - 984,088 " Year ended December 31, 2020(Audited) " SAR’000 Gross " Re-takaful (Reinsurance) " XOL Net Balance at the beginning of the year 1,123,170 (111,870) - 1,011,300 Contribution written during the year 2,732,873 (408,465) (8,256) 2,316,152 Contribution earned during the year (2,651,126) 309,912 8,256 (2,332,958) Balance at the end of the year 1,204,917 (210,423) - 994,494
Disclosure of compensation to key management personnel [text block]	For the period ended The compensation of key management personnel during the period is as follows: " September 30, 2021(Unaudited) " " September 30, 2020 (Unaudited) " SAR’000 Salaries and other allowances 4,187 5,494 End of service benefits 1,044 3,800 5,231 9,294 Shariah committee remuneration 180 105
Disclosure of earnings per share [text block]	Earnings per share for the periods ended September 30, 2021 and September 30, 2020 are calculated by dividing the net income for the period attributable to the equity holders by 40 million shares. There were no dilutive potential shares in issue as at September 30, 2021 and September 30, 2020.
Disclosure of related party transactions [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 ended Balance receivable / (payable) as at September 30, September 30, September 30, December 31, 2021 2020 2021 2020 (Unaudited) (Unaudited) (Unaudited) (Audited) SAR’000 Major shareholders Gross contribution written 526,885 571,000 212,948 309,825 Claims paid 339,868 352,075 - - Claims incurred and notified during the period 328,621 290,756 (158,191) (169,437) Reimbursement from related party - - - - Bank Balance - - 150,302 206,432 " Investment in shares of Al Rajhi Banking and Investment Corporation " - - 55,832 33,517 Entities controlled, jointly controlled or significantly influenced by related parties Gross contribution written 20,738 9,237 223,579 2,165 Claims paid 28 707 - - Claims incurred and notified during the period 7,409 767 (7,748) (367) Investments managed by affiliates 4,921 4,291 503,700 345,047 " Income received from sale of investment in Al Rajhi Capital commodity fund " 3,822 4,267 - - " Investment management fee paid to Al Rajhi Capital Company " 2,564 1,597 - -
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 liabilities and 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, 2021 and December 31, 2020, its total revenues, expenses, and net income for period ended, are as follows: For the three month period ended September 30, 2021(Unaudited) "For the three month period ended September 30, 2021(Unaudited)" Customers' category Medical Motor "Property & casualty" "Protection&Savings" Total SAR’000 GROSS CONTRIBUTION WRITTEN Retail 11,877 193,090 4,852 22,790 232,609 Very small 1,987 - - - 1,987 Small 8,450 30,892 - - 39,342 Medium 10,428 (9,545) 1,609 - 2,492 Corporate 45,888 166,680 70,061 59,275 341,904 TOTAL GROSS CONTRIBUTION WRITTEN 78,630 381,117 76,522 82,065 618,334
Disclosure of capital management [text block]	Objectives are set by the Company to maintain healthy capital ratios in order to support its business objectives and maximize shareholders’ value. The Company manages its capital requirements by assessing shortfalls between reported and required capital levels on a regular basis. Adjustments to current capital levels are made in light of changes in market conditions and risk characteristics of the Company’s activities. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders or issue shares. The operations of the Company are subject to local regulatory requirements within the jurisdiction where it is incorporated. Such regulations not only prescribe approval and monitoring of activities but also impose certain restrictive provisions e.g. capital adequacy to minimize the risk of default and insolvency on the part of the insurance companies and to enable them to meet unforeseen liabilities as these arise. The Company maintains its capital as per guidelines laid out by SAMA in Article 66 table 3 and 4 of the Implementing Insurance Regulations detailing the solvency margin required to be maintained. According to the said Article, the Company shall maintain solvency margin equivalent to the highest of the following three methods as per SAMA Implementing Regulations: Minimum Capital Requirement of SAR 200 million Premium Solvency Margin Claims Solvency Margin The Company is in compliance with all externally imposed capital requirements with sound solvency margin. The capital structure of the Company as at September 30, 2021 consists of paid-up share capital of SAR 400 million, statutory reserves of SAR 185.6 million and retained earnings of SAR 625.3 million (December 31, 2020: paid-up share capital of SAR 400 million, statutory reserves of SAR 158.5 million and retained earnings of SAR 516.8 million.) in the statement of financial position The Company’s management, through various scenario analysis as required by the regulator, has assessed the potential of the Covid-19 pandemic by performing stress testing for various variables like: gross premium growth, increase in employee cost, YTD loss ratio, outstanding premium provisions etc. and the related impact on the revenue, profitability, loss ratio and solvency ratio. The Company’s management has concluded that based on the stress testing performed the solvency margin of the Company can be impacted 1 % to 5%. As with any forecasts, the projections and likelihoods of occurrence are underpinned by significant judgements and uncertainties and, therefore, the actual outcomes may be different to those projected. As the situation is fluid and rapidly evolving, the Company will continue to reassess its position and the related impact on a regular basis.
Disclosure of commitments and contingencies, general [text block]	a) The Company’s commitments and contingencies are as follows: SAR’000 "September 30, 2021(Unaudited)" "December 31, 2020(Audited)"Letters of guarantee 40,462 21,073 Total 40,462 21,073
Disclosure of risk management [abstract]
Disclosure of credit risk [text block]	Credit risk management The 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 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 26, 1443, corresponding November 1, 2021.
Disclosure of other notes relevant to understanding of financial statements [text block]	The Company had filed zakat and income tax returns with the General Authority of Zakat and Tax (“GAZT”) for the years from 2010 to 2019. GAZT has issued assessments for the years 2015 to 2018, demanding an additional Zakat as assessed by GAZT amounting to SAR 11.73 million pertains to these years. The Company paid an amount of SAR 1.42 million and has filed objections for SAR 10.31 million with the authority. However, the Company has kept the provision in the financial statements for any possible negative outcome.

[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