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The Board of Directors of Islamic
Insurance recently has approved the purchase of 500,000
shares of AL-Jisr Takaful Company (Q.S.C. under formation)
for the value of QR 5,000,000 in addition to 1 % thereof (QR
50,000) to cover formation charges, representing 2% of the
Company’s paid-up capital of QR 250 Million.
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