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Nov 2024

Country Profile -Saudi Arabia: Unearthing the gem of Middle East insurance

Source: Middle East Insurance Review | Jul 2009

Ever since the Saudi Arabian Monetary Agency (SAMA) announced new regulations in 2003 to revamp its insurance industry, the Kingdom has often been fettered as an oasis of growth in the Middle East insurance market. We track the notable developments that have taken place since the first licences were issued in 2007, and ponder on the current state of the market.

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