Riyadh – Mubasher: Sanad Cooperative Insurance was notified by the Saudi Arabian Monetary Agency (SAMA) for not being committed to some regulatory requirements.

The insurance company was required to compromise the vehicles insurance’s claims and fix complaints, according to a bourse filing on Wednesday.

SAMA gave Sanad a grace period of 20 days starting from the date of notification to adjust the violations and submit the evidence on it.

The Saudi-listed firm assured that it will be able to resolve the issue in the set period of time.