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Asharq Al-Awsat

Business

Riyadh - Fatehelrahman Yousif

Saudi Arabia to Announce Unified Insurance Regulator Soon

Insurance Mohammed AlJadaan Saudi Arabia SAMA

Minister of Finance Mohammed Al-Jadaan attends the Saudi Insurance Symposium (Asharq Al-Awsat)

A unified regulator for the insurance sector, independent of the Saudi Central Bank (SAMA), will be announced soon, Minister of Finance Mohammed Al-Jadaan stated on Wednesday.

While the minister acknowledged that the insurance sector needs powerful entities capable of expanding within and outside Saudi Arabia, he stressed that the government is keen on supporting and developing the financial sector.

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