Suspension of four underwriting agencies in Saudi Arabia

The Saudi Arabian Monetary Authority (SAMA) is susending the activities of four underwriting agencies.

These companies are:

• Al-Wafaa Insurance Agency,
• Najm Alt-Tazzam Insurance Agency,
• My Documentary Insurance Agency
• Mazoon Al-Namaa Insurance Agency.

The concerned companies had already been warned in 2018 for non compliance with regulatory requirements.

A consumer protection department is made available on SAMA's website www.samacares.sa or via the toll free number 80012566666.

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