Saudi's Bank Aljazira inks two deals with Aljazira Takaful

The first agreement is a real estate financing portfolio protection services deal valued at $7.16mln

  
Islamic finance. Image used for illustrative purpose.

Islamic finance. Image used for illustrative purpose.

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Riyadh – Bank Aljazira announced signing two agreements with Aljazira Takaful Taawuni Company, according to two bourse disclosures on Thursday.

The first agreement is a real estate financing portfolio protection services deal valued at SAR 26.88 million and the second one is a personal finance portfolio protection agreement worth SAR 21.95 million.

The two deals are forecast to have a direct impact on the financial results for 2021 and 2022. The insurance coverage will begin on 8 October and extend for one year.

Source: Mubasher

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