Riyadh – Mubasher: King Abdullah Economic City (KAEC) has penned on Sunday a cooperation agreement with Bank Aljazira under which the bank will provide Sharia-compliant financing solutions.

The solutions will be offered to customers willing to benefit from investment or residential opportunities across KAEC districts, as per the financing conditions and criteria approved by the bank, according to an official statement.

During the nine-month period ended on 30 September 2020, the net profit of Bank Aljazira decreased by 28.87% to SAR 529 million, compared with SAR 743.7 million in the same period a year earlier.