SAMA establishes a summary of the license applications

SAMA (Saudi Arabian Monetary Agency) has drawn up on its website an account to May 25, 2005, of the license applications that have been submitted to it.

Companies pending license: 14
Assurance Saudi Franci, Saudi United Cooperative Insurance (AMITY), United Cooperative Assurance Co. (UCA), Saoudi Indian Insurance Co., Al Ahli Takaful Company, BUPA Arabia, SABB Takaful, Saudi Insurance Co. (SNIC), Al Rajhi Company for Cooperative Insurance, Arabian Shield Insurance Co., The Mediterranean & Gulf Insurance & Reinsurance Co. (MedGulf), Al Alamya Insurance Co., Tokio Marine & Nichido (avec ses filiales Arab Eastern Insurance, Saudi General Insurance, Gulf Cooperation Insurance), and, Axa Cooperative Insurance.

Companies whose files are under examination: 8
Arabian Company for Cooperative Insurance, Al-Ahlia Insurance Company for Cooperative Insurance, Arabia Insurance Cooperative Company, Takaful Taawuni Company, Saudi Arabian Insurance Company, Al-Sagr Company for Cooperative Insurance, Saudi IAIC for Insurance, and, Hemayah Cooperative Insurance Co.

Companies having withdrawn from the market: 2
Abu Dhabi National Insurance and Saoudi Aman Insurance.