Saudi Arabia – Potential insurance mergers
Wednesday, 10 18 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
Mr. Turki Fadaak, Head of Research & Advisory in The Albilad Capital expected that the decision to allow women to drive vehicles in KSA next year will trigger optimism about the performance of insurance companies.
Moreover, Mr. Fadaak confirmed to “Al Arabiya” the necessity of thinking about insurance mergers. He indicated that there are 33 insurance companies, which have relatively low capitals compared to the future regulations and legislations that are expected to increase in the next period.
Source: Al Arabiya