Bank Al Jazira announces the Capital Market Authority approval to IPO Aljazira Takaful Taawuni

15/04/2013 Tadawul

Bank Al Jazira announces CMA approval for the initial public offering of (10,500,000) shares, which represents (30%) of Aljazira Takaful Taawuni Companys share capital.

The offer price will be (SAR 10) per share. The new firm will have SR350 million capital and will operate locally. Bank Al Jazira will own 30% directly of the new firm.

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