Bank AlJazira (SASE:1020) acquired an additional 7.05% stake in Aljazira Takaful Taawuni Company (SASE:8012) from Solidarity Group Holding B.S.C. (c) on May 29, 2024. Signing an Off-Market share purchase agreement where Bank Aljazira buys the entire shares of Solidarity Group Holding B.S.C. (C) in Aljazira Takaful Taawuni Company amounting to 4,653,109 shares representing 7.05% of the capital of Aljazira Takaful Taawuni Company. Bank Aljazira?s shares after completing the transaction becomes 19,376,986 shares representing 29.36% of the total shares of Aljazira Takaful Taawuni Company. The agreement comes after the Bank has obtained a non-objection to the purchase request from the Saudi Central Bank ?SAMA?.

Bank AlJazira (SASE:1020) completed the acquisition of an additional 7.05% stake in Aljazira Takaful Taawuni Company (SASE:8012) from Solidarity Group Holding B.S.C. (c) on May 29, 2024.