Tawasul
Mubasher TV
Contact Us Advertising   العربية

Al Rajhi Takaful inks mortgage insurance contract with Al Rajhi Bank

Al Rajhi Takaful inks mortgage insurance contract with Al Rajhi Bank
The contract duration will be for one year until August 2022
ALRAJHI
1120
-0.97% 122.20 -1.20
ALRAJHI TAKAFUL
8230
-1.37% 100.60 -1.40

Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has signed a contract with Al Rajhi Bank to provide mortgage insurance coverage for the bank’s clients.

The insurance company was awarded the contract on 2 August 2021, according to a bourse disclosure to Tadawul.

The contract duration will be for one year until August 2022, while its value might exceed 5% of the total sales in 2020.

The contract is expected to have an impact on Al Rajhi Takaful’s financial results for the full year 2021.