The company participated in the Manafeth agreement between Tawuniya and the majority of the insurance companies in Saudi Arabia effective January 1st, 2015 for co-insuring cars entering into Saudi Arabia from all Saudi borders (except the border with AL-Bahrain). Based on this agreement, all insurance companies participating in this coverage will have an equal share of the net result of this portfolio after allowing for all expenses related to managing this portfolio by Tawuniya. This deal is for three years starting from Jan 1st, 2015 and is expected to renew at same terms. The income related to this portfolio is included in the financial statements under “Other underwriting income” and is allocated to Motor Insurance in the segment reporting.