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Saudi Insurance Authority revokes 26 licenses

Saudi Insurance Authority revokes 26 licenses

The Saudi Insurance Authority has permanently revoked the licenses of 26 companies operating in the insurance sector, in an effort to enhance the sector’s effectiveness, stability, and to protect the rights of policyholders and beneficiaries. These decisions are part of corrective measures aimed at increasing stakeholder confidence and achieving financial stability. The Authority continues to monitor compliance with regulatory licenses to ensure the protection of the sector.

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