Riyadh – Mubasher: Alinma Tokio Marine Co stated it committed to what the Saudi Arabian Monetary Agency's (SAMA) said in its speech regarding irregularities related to poor internal controls in the company.

A written confirmation was submitted to the SAMA during the deadline, according to a statement to the Saudi Stock Exchange (Tadawul).

Alinma Tokio Marine Co affirmed that it amended some of violations in collaboration with PricewaterhouseCoopers (PWC).

In July, the Tadawul-listed firm signed a contract with PWC to be the company’s financial advisor, and in June it received a letter from the SAMA requiring Alinma Tokio to hire an approved advisor by the authority.

By 10:58 am KSA time, the company's stock rose 1.63% to reach SAR 18.12.