Al-Jazira Takaful Cooperative announced that it has signed an agreement with Bank Al-Jazira to provide protection services for a personal finance portfolio and another for real estate financing for the bank's clients.
The company said in a statement to the Saudi market (Tadawul), today, Wednesday, that the two contracts with a total value of approximately 41.02 million riyals.
and she explained that the first contract is for providing protection services for the mortgage finance portfolio of the bank's customers, with a value of 21.81 million riyals, while the second contract, worth 19.21 million riyals, is for providing financing portfolio protection services. The bank's customers' personal profile.
and the duration of the contract is one calendar year, as coverage begins on Thursday, October 8, 2020, indicating that these agreements will have a direct impact on the company's financial statements during the two years 2020 and 2021.
The company confirmed that the two contracts were completed within the normal course of business and did not provide any preferential benefits.
