‎Al Rajhi Takaful to provide insurance coverage for Al Rajhi Bank’s mortgage clients

‎Al Rajhi Takaful to provide insurance coverage for Al Rajhi Bank’s mortgage clients ‎Al Rajhi Takaful to provide insurance coverage for Al Rajhi Bank’s mortgage clients

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Logo ofAl-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)

Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) signed today, March 27, with Al Rajhi Bank a contract to provide insurance coverage for real estate finance portfolio customers.

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The contract is valid for one year, Al Rajhi Takaful said in a Tadawul statement, expecting its total value to exceed 5% of its revenue based on the latest audited annual financial statements.

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The relevant financial impact is forecast to show in 2025.

Meanwhile, Al Rajhi Takaful said that Chairman Abdullah S. Al-Rajhi, Deputy Chairman Saud Abdullah Al-Rajhi, and board member Naif Al-Rajhi are related parties.

 

Logo ofAl-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)

Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) signed today, March 27, with Al Rajhi Bank a contract to provide insurance coverage for real estate finance portfolio customers.

The contract is valid for one year, Al Rajhi Takaful said in a Tadawul statement, expecting its total value to exceed 5% of its revenue based on the latest audited annual financial statements.

For more news on listed companies

The relevant financial impact is forecast to show in 2025.

Meanwhile, Al Rajhi Takaful said that Chairman Abdullah S. Al-Rajhi, Deputy Chairman Saud Abdullah Al-Rajhi, and board member Naif Al-Rajhi are related parties.

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