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Al Alamiya Cooperative cleared by SAMA to sell products

Al Alamiya Cooperative cleared by SAMA to sell products
LIVA
8280
-0.51% 15.60 -0.08
Al Alamiya for Cooperative Insurance Company announced it received on 02/11/1435 (28/08/2014) letter reference 351000134787 and dated 02/11/1435 (28/08/2014) from Saudi Arabian Monetary Agency (SAMA) containing the latter’s approval on the sale by the company of some of its insurance products through its website. This is applicable to the following insurance products: - Travel insurance - Motor insurance (Third Party Liability) - Home insurance - Medical Malpractice insurance The approval is conditional that this activity should be performed in line with the company online insurance business plan.