| Element List | Explanation |
|---|---|
| Introduction | Bank AlJazira announces that on Tuesday 18/06/1447, corresponding to 09/12/2025, a contract was signed with AlJazira Takaful Taawuni Company to provide Group Credit Insurance Plan for Mortgage Finance. |
| Date of Announcement of the Award | 2025-12-09 Corresponding to 1447-06-18 |
| Contract Subject Matter | Group Credit Insurance Plan for Mortgage finance for the banks’ customers. |
| The Entity with Which the Contract was Signed | AlJazira Takaful Taawuni Company |
| Date of Signing the Contract | 2025-12-09 Corresponding to 1447-06-18 |
| Contract Value | The contract value is 45,951,246 Saudi Riyals. |
| Contract Details | Providing Group Credit Insurance Plan for Mortgage finance for the banks’ customers. |
| Contract Duration | Coverage starts on 13 of December 2025 for one year. |
| Financial Impact and the Relevant Period | It is expected that it will have direct impact on the financial results for the year 2025 – 2026. |
| Related Parties | • Eng. Abdulmajeed Al Sultan has an indirect interest in this contract as he is the Chairman of Bank AlJazira Board of Directors and have a first-degree relationship with one of the members of the Board of Directors at AlJazira Takaful Taawuni Company. • The Chief Executive Officer and Managing Director of Bank AlJazira, Mr. Naif Al-Abdulkareem, has an indirect interest in this contract by virtue of his position as the Chairman of the Board of Directors of AlJazira Takaful Taawuni Company. • The Chief Executive Officer of AlJazira Capital Company, which is wholly owned (100%) by Bank AlJazira, Mr. Naif Al-Mesned, has an indirect interest in this contract by virtue of his position as a member of the Board of Directors of AlJazira Takaful Taawuni Company. • Mr. Sami bin Jadaan Al Mehiad, has an indirect interest in this contract by virtue of being a member of the Board of Directors of AlJazira Takaful Taawuni Company and one of the senior executives of Bank AlJazira. • Mr. Mohammed bin Abdulrahman Al-Mousa, has an indirect interest in this contract by virtue of being a member of the Board of Directors of AlJazira Takaful Taawuni Company and one of the senior executives of Bank AlJazira. |
| Additional Information | Bank AlJazira confirms that the contract is in the ordinary course of business and has no preferential treatment. |