Najm for Insurance Services has signed an MoU with Theeb Rent a Car Company to enhance joint cooperation and improve vehicle rental and repair services. This collaboration will promote traffic safety and protect road users as well as vehicle renters.
The signing ceremony took place on Jan. 1 at the headquarters of Najm in Riyadh. The MoU was signed by Mohammed Yahya Al-Shehri, CEO of Najm, and Naif Mohammed Ahmad Al-Theeb, CEO of Theeb Rent a Car, in the presence of senior leaders from both companies.
The MoU outlines several key areas of cooperation, including vehicle repair and maintenance services through Najm’s recently launched Najm Repair Network, insurance claims management, and insurance record management, for Theeb’s vehicle fleet. Additionally, Najm will provide traffic accident management services. The MoU is also exploring joint business opportunities in vehicle services, as well as knowledge-sharing and training.
Al-Shehri said: “At Najm, we are committed to forming partnerships that extend the benefits of our innovative services and empower the insurance sector while enhancing safety on Saudi roads. For instance, the Najm Repair Network provides vehicle owners with access to high-quality repair services at centers approved by the Saudi Standards, Metrology and Quality Organization, which are available throughout the Kingdom.”
He added: “This collaboration aligns with Najm’s strategy to innovate solutions that improve operational efficiency and enhance the quality of life and safety in our society, in line with the goals of Vision 2030. Through the Najm Repair Network, we deliver numerous benefits, including an improved customer experience after accidents, repair services for third-party insurance customers, and a guaranteed, high-quality repair process. These services not only enhance safety and reduce fraud but also manage insurance costs and increase investment in the vehicle repair sector.”
Meanwhile, CEO Al-Theeb said: “We are proud of the advancements in Najm’s services and capabilities, and we are honored to contribute to this progress. This partnership will have a direct and positive impact on enhancing traffic safety across the Kingdom.”