Al Rajhi Bank has been granted the approval of the Saudi Central Bank (SAMA) to acquire 12.5% of Al Rajhi Takaful [4]'s capital. The participation of Al Rajhi Bank in the local insurer's capital thus went from 22.5% to 35%.
This initiative allows the Islamic bank to provide products tailored to the needs of customers in the insurance, finance and investment sectors.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-193-july-2022
[4] https://www.atlas-mag.net/en/article/al-rajhi-takaful