The Mediterranean Gulf Insurance and Reinsurance Co. (MedGulf) said it received a letter from Saudi Arabian Monetary Authority (SAMA) on Wednesday warning of legal procedures against the insurer if it did not rectify irregularities in its accounting or if it delayed disclosing financial statements.
SAMA said legal procedures could include preventing or limiting the company from accepting new subscribers or investors, the insurer said in a bourse statement.
MedGulf added that it will correct the irregularities mentioned.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}