Saudi Arabia – No extended deadlines for liberal jobs
Wednesday, 08 01 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Arabian Monetary Authority “SAMA” confirmed that it will not offer extended deadlines to liberal jobs’ companies operating in the insurance sector that do not fix their situations.
Moreover, the Authority said according to “El Eqtisadiah” that 9 liberal jobs’ companies out of 14 companies were able to fix their situations within the required period of 20 days.
Furthermore, the Authority said that it will address the Ministry of Commerce and Investment in order to withdraw the license of companies that did not take corrective measures in accordance with the executive regulatory rules of cooperative insurance companies.