Theeb Rent a Car and Tawuniya Cooperative Insurance Announce a Strategic Vehicle Insurance Partnership

Theeb Rent a Car, one of the Kingdom’s leading national companies in the vehicle rental sector, has announced the signing of a strategic partnership with Tawuniya Insurance, the largest insurance company in the Middle East and North Africa, to provide comprehensive insurance coverage for Theeb’s fleet of vehicles across the Kingdom.

This agreement represents a qualitative step in Saudi Arabia’s mobility services sector, bringing together Tawuniya’s expertise in developing and managing mobility insurance solutions with the extensive operational footprint of Theeb’s fleet. Under the partnership, Tawuniya will deliver an integrated, tailored insurance program designed to enhance fleet protection and support the efficiency and continuity of operations across Theeb’s nationwide branch network.

Commenting on the partnership, Naif AlTheeb, Chief Executive Officer of Theeb Rent a Car, said:
“This partnership aims to provide comprehensive and advanced insurance coverage for our fleet of more than 40,000 vehicles, in line with the scale of our operations and our geographic expansion. It contributes to strengthening asset safety and service continuity, while offering Theeb customers a more secure and confident experience. At Theeb, we believe that building strategic partnerships with leading national entities such as Tawuniya Insurance is a key pillar of our success, an extension of our commitment to adopting best operational practices, and a contribution to achieving the objectives of Saudi Vision 2030 by developing the transport and services sector, enhancing local content, and fostering sustainable partnerships.”

In turn, Mr. Mansour Abuthnain, Chief Executive Officer of Mobility Sector at Tawuniya, stated:

 “This partnership showcases Tawuniya’s ability to support the Kingdom’s evolving mobility landscape through scalable, customized insurance solutions. By providing comprehensive motor insurance coverage for Theeb’s fleet, we are helping to reinforce operational stability while demonstrating our capability to structure and manage large programs for leading mobility operators in Saudi Arabia.”

As demand for mobility services continues to grow across the Kingdom, this partnership reflects both parties’ commitment to enhancing operational efficiency and building long-term sustainable capabilities. By combining Theeb’s extensive operational reach with Tawuniya’s specialized expertise in providing customized insurance solutions for fleets, the agreement supports the protection of critical mobility assets and reinforces Tawuniya’s position as a trusted insurance partner for major fleet operators in Saudi Arabia.

Founded in 1991, Theeb Rent a Car today manages a large and diverse fleet supported by an extensive branch network, enabling it to serve a wide range of individual and corporate customers alike. The partnership has been structured to align with the scale of Theeb’s operations and the requirements of its fleet management, enhancing business continuity and the efficiency of risk management within a high-density operating environment.