Saudi Arabia – No new insurance law
Tuesday, 10 17 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Governor of the Saudi Arabian Monetary Authority (SAMA), Dr. Ahmed Alkholifey said that “SAMA” encourages generally mergers and acquisitions. He described the approach of SAMA with the insurance sector as tough for more than a year in order to treat the dysfunctions of the sector, which were to a large extent overcome.
Dr. Ahmed Alkholifey denied that there is a new draft insurance law, indicating that the news about it is untrue.