Bank AlJazira announces the signing of an agreement to purchase shares of Solidarity Group Holding B.S.C. (C) in AlJazira Takaful Taawuni Company

Bank AlJazira announces the signing of an agreement to purchase shares of Solidarity Group Holding B.S.C. (C) in AlJazira Takaful Taawuni Company

Announcement Detail

Bank AlJazira announces the signing of an agreement to purchase the shares of Solidarity Group Holding B.S.C. (C) within AlJazira Takaful Taawuni Company (the “Company”) amounting to 7.05% of the Company’s capital. The agreement comes after the Bank has obtained a non-objection to the purchase request from the Saudi Central Bank “SAMA”. This transaction reinforces the Bank’s commitment to enhancing the financial sector and expanding its footprint through diversifying its investments, as well as reflecting the bank’s confidence in the future growth of the insurance sector.

Bank AlJazira announces the signing of an agreement to purchase shares of Solidarity Group Holding B.S.C. (C) in AlJazira Takaful Taawuni Company