Riyadh – Mubasher: Estimated revenues of the agreement signed with Abdul Latif Jameel United Finance Company and United Installment Sales Company will exceed 5% of the company's 2015 total sales, according to AXA Cooperative Insurance.

On Thursday, the company announced signing an agreement with the two aforementioned companies through which AXA Insurance in partnership with Al Rajhi Cooperative Insurance Company will provide motor insurance coverage for the two companies' vehicles.

The deal is for one year period, starting on 1 January, 2017. The company expects the agreement to have a positive financial impact on the 2017 results, according to a bourse filing.