Insurance Authority revokes multiple licenses

The Insurance Authority in the Kingdom announced the issuance of final decisions to revoke the licenses of several insurance companies. This measure aims to enhance the efficiency and stability of the sector and to protect the rights of policyholders and beneficiaries. This step is part of ongoing efforts to regulate the market and improve compliance with standards and regulations, thereby contributing to financial stability and the development of the insurance sector in line with the objectives of the financial sector in the Kingdom.

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