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Insurance Authority revokes company licenses
The Insurance Authority in the Kingdom has announced the issuance of final decisions to revoke the licenses of several insurance companies. This move aims to enhance the efficiency and stability of the sector and protect the rights of policyholders and beneficiaries. These measures are part of the Authority's efforts to regulate the market and improve compliance with regulations and standards, thereby contributing to financial stability and strengthening the efficiency of the insurance market in line with the country's goals for developing its financial sector.
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