Aljazira Takaful Taawuni Finalising Potential Merger with Solidarity Saudi Takaful
June 30, 2020
Email Saqr Nader Shah, Chief Executive Officer and Managing Director of Aljazira Takaful Taawuni (ATT), stated that ATT is in the final stages of assessing its impending merger with Solidarity Saudi Takaful (SST). Shah said that ATT has plans to implement within a certain time frame.
Shah added that ATT has potential targets from the merger namely increasing market share and profitability. According to Shah, the merger will present ATT with greater opportunities to focus on cross-selling strategies, which will support its domestic market share expansion.
In addition, Shah stated that the COVID-19 pandemic also presents new opportunities to extend Takaful services to customers.
