Riyadh – Mubasher: Bank Aljazira has penned four agreements with Aljazira Takaful Taawuni Company at a combined value of SAR 8.56 million.
The two parties inked a contract worth SAR 329,743 to provide insurance coverage for all property risks. This was in addition to another agreement to secure banking insurance coverage at a value of SAR 6.30 million, according to recent bourse disclosures.
Meanwhile, the remaining two deals were sealed to provide all-risk property insurance services for the bank’s employees and customers at a value of SAR 33,521 and SAR 1.90 million, respectively.
The four insurance agreements hold a one-year duration from 17 April 2022.
the Saudi lender expected that the bargains would reflect positively on its financials for the years 2022 and 2023.
It is worth noting that Bank Aljazira and Aljazira Takaful signed two contracts last October.
