Al-Rajhi Company for Cooperative Insurance Announces Contract Sign Off with Abdul Latif Jameel United Finance Company Limitedand United Installment Sales Company Limited
January 02, 2021 at 10:43 pm EST
Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) announced that on December 31, 2020, it received Approval from Abdul Latif Jameel United Finance Company Limited (ALJUF) and United Installment Sales Company Limited (UIS) to renew the contract for Motor insurance services, which value exceeds 5% of the total annual written premium for the year 2020. The renewal period is for one year starting from January 1, 2021, 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 2021.