SAMA freezes the bank accounts of non licensed insurers
Saudi Arabian Monetary Agency (SAMA) has decided to freeze the bank accounts of the non-authorized insurance companies that continue to operate from abroad. SAMA commits to wipe off the ongoing contracts of these companies which it threatens to sue in the courts of their original countries. 17 companies should be affected by this measure.
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Wed, 15/05/2013 - 09:03
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