Saudi Arabia: Al Etihad and Al Rajhi sign bancassurance agreement

Source: Middle East Insurance Review | Mar 2025

Al Eithad Cooperative Insurance has signed a contract for bancassurance services, including quotations for comprehensive insurance relating to leased vehicles, with Al Rajhi Bank.

According to a Tadawul statement, the one-year agreement will encompass quotes for insurance coverage on private vehicles owned by the bank and rented to its customers under the ‘Lease with a Promise to Own’ programme, subject to the terms and conditions outlined within the insurance policies.

Al Etihad anticipates the impact of this agreement will be reflected in its financial performance starting from the first quarter of 2025. M

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