Aljazira Takaful has inked a deal worth SAR 12.95 million to provide collective insurance services for Bank Aljazira’s finance portfolios, the insurer said in a statement to Tadawul.
The agreement is valid for one year starting from June 2. The company said it expects to see a positive impact on this fiscal year’s financial results. The deal will be presented to Aljazira Takaful’s general assembly for final approval.
Bank Aljazira currently holds a 30 percent stake in Aljazira Takaful.
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