Gulf Insurance Group — Capital/Financing Update 2012

Nov 25, 2012

AXA Cooperative Insurance Co. announces the signing of a contract with Abdel Latif Jameel Leasing Company

8250 · 25/11/2012 08:25:38 · Announcement #27723 · View on Saudi Exchange

AXA Cooperative Insurance Co. announces the signing of a contract with Abdel Latif Jameel Leasing Company

AXA Cooperative Insurance Co. announces the signing of a contract with Abdel Latif Jameel Leasing Company on 24/11/2012 by which AXA in cooperation with Malath and UCA will provide the insurance cover for the vehicles owned by Abdel Latif Jameel Leasing Co. (a company of the group Abdel Latif Jameel) against the damages arising from the accidents, starting from 1/1/2013 and for three Gregorian years. This agreement reflects the confidence of Abdel Latif Jameel group in the cooperation provided by the mentioned companies to offer the best services to the clients of the Group; moreover this contract reflects the potential of the insurance companies working under the supervision of SAMA in cooperating to reach the expected results. It is to be noted that the share of AXA Cooperative from this contract will exceed 10% of the annual sales for the year 2012 and the company expects that this contract will have a positive financial effect starting from financial declarations for the year 2013.

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