KSA - Walaa Ins. gets SAMA nod to offer protection, saving ins.
Thursday, 03 05 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
Walaa Cooperative Insurance Co. (Walaa Insurance) received approval of the Saudi Arabian Monetary Authority (SAMA) on Sunday to offer protection and saving insurance, it said in a statement to Tadawul.
The announcement will have no financial impact, it added.
Last month, Walaa Insurance announced that it received SAMA’s approval to renew its insurance license for 3 years starting Feb. 20, 2020, covering general and medical insurance activities.