Al-Rajhi Insurance Signs Contract with Abdul Latif Jameel, United Installment Sales

Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) Announces that on 29/12/2021, 25/5/1443 it signed the renewal contract with “Abdul Latif Jameel United Finance Company Limited (ALJUF) and United Installment Sales Company Limited (UIS)” to provide Motor insurance services, which value exceeds 5% of the total annual written premium for the year 2021.

The renewal period is for one year starting from 01/01/2022, in accordance with the agreed terms and specifications.

The contract is expected to have an impact on the company’s financial results for the year 2022.

“The value of the contract cannot be determined, as the value of the written premiums arising from the contract is linked to the sales activity, which cannot be determined.” The company said.

The deal is expected to have a financial impact on the company’s financial results in 2022.