Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO May 8, 2024 By Julia Fioretti Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one...
HSB Opens Office in the Kingdom of Saudi Arabia May 7, 2024 HSB announced the opening of a new office location in Al-Jubail, Saudi Arabia, on May 6. “One of our strategic...
Allianz Weighs Sale of Stake in Saudi Arabia Unit August 9, 2022 By Manuel Baigorri Allianz SE is considering a sale of its Saudi Arabian unit, people familiar with the matter said, a move that...
Marsh Launches Saudi Arabia Engineering Hub July 14, 2021 Insurance broker Marsh announced the launch of its Engineering Hub in Al-Khobar, Saudi Arabia. The Engineering Hub is Marsh’s third...
Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers February 24, 2020 By Yousef Gamal El-Din, Vivian Nereim and Matthew Martin Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central...
Saudi Women Finally Hit the Road as Driving Ban Ends June 25, 2018 By Vivian Nereim They hit the road in celebratory packs, whooping and ululating for joy. Teenagers gathered on Riyadh’s main boulevard to gawk....
Saudi Insurers Need More Consolidation, Foreign Input, Says Regulator October 26, 2017 By Zainab Fattah and Erik Schatzker Saudi Arabia’s insurance industry needs more consolidation and foreign input to help create solid companies capable of competing in the...
Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources October 12, 2017 By Katie Paul and Saeed Azhar Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller...
SABB Takaful Must Stop Selling Insurance, Savings Products: Saudi Watchdog October 2, 2017 Saudi Arabia’s financial regulator has stopped Sharia-compliant insurer SABB Takaful from issuing or renewing insurance or savings products, citing weaknesses...
Saudi Decision to End Women’s Driving Ban Boosts Auto Insurers’ Shares September 27, 2017 By Katie Paul and Andrew Torchia Saudi Arabia’s decision to end a driving ban for women is likely to save families billions of dollars, boost industries...