Saudi Arabia – Shura Council tackles motor insurance prices
Friday, 12 23 2016, Category: Insurance and Reinsurance, Country: Saudi Arabia
In the Monday session the members of the Consultative Assembly (Shura Council) will vote on the final recommendations of the “Economic Affairs and Energy Committee” concerning the remarks of members and their opinions on the two annual reports of the “Council of Competition” covering the two financial years 1436-34. The council requests the “Council of Competition” to coordinate with the Saudi Arabian Monetary Authority in order to tackle the severe increases in motor insurance prices and take appropriate measures to fight monopolistic practices in this sector.
Source: Al Riyadh