Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) and AXA Cooperative Insurance Co. have signed a car insurance agreement with Abdul Latif Jameel United Leasing Co. and United Installment Sales Company on Dec. 22, 2016.
The one-year contract starts on Jan. 1, 2017, Alrajhi Takaful and AXA Insurance said in separate statements on Tadawul.
The revenues are expected to exceed 5 percent of the 2015 annual gross written premium and the financial impact will show in 2017, the companies added.
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