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SAMA approves insurance products for 2 KSA firms

SAMA approves insurance products for 2 KSA firms
(Photo Credit: Arabianeye-Reuters)
SALAMA
8050
-13.27% 29.75 -4.55
GULF GENERAL
8260
94.44% 14.00 6.80
ALSAGR INSURANCE
8180
54.16% 34.10 11.98

Riyadh – Mubasher: Two Saudi insurance companies obtained the final approval to use insurance products, according to bourse filings.

Gulf General Cooperative Insurance Co. and Salama Cooperative Insurance Company received the final approval of the Saudi Arabian Monetary Agency (SAMA) to use insurance products for travel insurance.

Moreover, Al Sagr Cooperative Insurance got the renewal for SAMA’s authorization to practice insurance activity in both general and health insurance branches for three years, starting from 12/3/1438 Hijri.