Orient Insurance receives SAMA nod to start operations in Saudi Arabia

15/09/2019 Argaam

 

Orient Insurance has received the initial approval from Saudi Arabian Monetary Authority (SAMA) to set up a branch in Saudi Arabia with a paid capital of AED 300 million.

 

The insurer will start the process to set up branches and get all final regulatory approvals to kick off operations as soon as possible, it said in a statement on the Dubai Financial Market.

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