Logo ofUnited Cooperative Assurance Co. (UCA)
United Cooperative Assurance Co. (UCA) signed a contract with Theeb Rent a Car Co. to provide vehicles insurance coverage. 
In a statement to Tadawul,UCAsaid the contract will be effective for one year, starting from Jan. 1, 2025, and is valued at over 5% ofgross writtenpremiums, basedon 2023 auditedfinancials.
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Theinsurerexpects the contract to positively impact its financial results for 2025, adding that no related parties are involved.
UCA emphasized that the agreement is part of its regular business operations and does not involve any preferentialbenefits.
According to data available with Argaam, the company’sgrosswritten premiums for 2023 amounted to SAR 1.02 billion.
Logo ofUnited Cooperative Assurance Co. (UCA)
United Cooperative Assurance Co. (UCA) signed a contract with Theeb Rent a Car Co. to provide vehicles insurance coverage.
In a statement to Tadawul,UCAsaid the contract will be effective for one year, starting from Jan. 1, 2025, and is valued at over 5% ofgross writtenpremiums, basedon 2023 auditedfinancials.
For more news on listed companies
Theinsurerexpects the contract to positively impact its financial results for 2025, adding that no related parties are involved.
UCA emphasized that the agreement is part of its regular business operations and does not involve any preferentialbenefits.
According to data available with Argaam, the company’sgrosswritten premiums for 2023 amounted to SAR 1.02 billion.
