| Element List | Explanation |
|---|---|
| Introduction | AlJazira Takaful Taawuni Company announces that on Tuesday 09-12-2025, corresponding to 18 -06- 1447, a contract was signed with Bank Al Jazira to provide Group Credit Insurance Plan for Mortgage Loans. |
| Date of Announcement of the Award | 2025-12-09 Corresponding to 1447-06-18 |
| Contract Subject Matter | Group Credit Insurance Plan for Mortgage Loans. |
| The Entity with Which the Contract was Signed | Al Jazira Bank |
| 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 | Group Credit Insurance Plan for Mortgage Loans. |
| Contract Duration | Coverage starts on December 13 , 2025 for one year. |
| Financial Impact and the Relevant Period | It is expected that it will have positive impact on the financial results for the year 2025 – 2026. |
| Related Parties | • The Chairman of the Board of Directors of AlJazira Takaful Taawuni Company, Mr. Naif Al-Abdulkareem, has an indirect interest in this contract by virtue of his position as the Chief Executive Officer and Managing Director of Bank Aljazira. • A member of the Board of Directors of AlJazira Takaful Taawuni Company, Mr. Naif Al-Mesned, has an indirect interest in this contract by virtue of his position as the Chief Executive Officer of Aljazira Capital Company, which is wholly owned (100%) by Bank Aljazira. • 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 one of the senior executives of Bank Aljazira. • A member of the Board of Directors of AlJazira Takaful Taawuni Company, Mr. Mohammed bin Abdulrahman Al-Mousa, has an indirect interest in this contract by virtue of being one of the senior executives of Bank Aljazira. • A member of the Board of Directors of AlJazira Takaful Taawuni Company, Mr. Ibrahim Abdulmajid Al-Sultan, has an indirect interest in this contract by virtue of having a first-degree kinship relationship with one of the members of the Board of Directors of Bank Aljazira. |
| Additional Information | AlJazira Takaful Taawuni confirms that the contract is signed based on the ordinary course of business and has no preferential treatment. |