Saudi Arabia - Orient Ins. receives SAMA nod to start operations
Monday, 09 16 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
Orient Insurance has received the initial approval from Saudi Arabian Monetary Authority (SAMA) to set up a branch in Saudi Arabia with a paid capital of AED 300 million.
The insurer will start the process to set up branches and get all final regulatory approvals to kick off operations as soon as possible, it said in a statement on the Dubai Financial Market.