SAICO gets SAMA approval for new motor insurance product

04/05/2023 Argaam
Saudi Arabian Cooperative Insurance Co. (SAICO)

Saudi Arabian Cooperative Insurance Co. (SAICO)

Saudi Arabian Cooperative Insurance Co. (SAICO) received, on May 3, the Saudi Central Bank’s (SAMA) final approval on a comprehensive motor insurance product for individuals, the insurer said in a statement on Tadawul.

 

The decision came in accordance with SAMA’s Comprehensive Motor Insurance Rules, issued on Nov. 8, 2022, the statement added.

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