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

27/03/2025 Argaam

Al Rajhi Takaful inks deal to provide insurance coverage for real estate finance customers

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

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

 

The total value of the one-year contract is expected to exceed 5% of Al Rajhi Takaful’s total revenues, based on the latest audited annual financial statements, according to a Tadawul filing.

 

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The relevant financial impact is forecast to be reflected in Al Rajhi Takaful’s 2025 income statement.

 

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

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