Saudi Arabia's Insurance Authority and Capital Market Authority signed a memorandum of cooperation to strengthen coordination in supervising insurance companies listed on the capital market. The agreement also supports the joint development of the insurance and capital market sectors. The authorities will focus on improving supervisory and regulatory coordination, as well as transparency and disclosure in the insurance sector. The cooperation is intended to advance the objectives of the Financial Sector Development Program under Saudi Vision 2030.
2025-02-02Saudi Arabia Insurance Authority
Saudi Arabia's Insurance Authority and Capital Market Authority sign cooperation agreement on oversight of listed insurers
Saudi Arabia's Insurance Authority and Capital Market Authority signed an agreement to coordinate oversight of listed insurance companies. The cooperation will also support sector development, transparency and disclosure under the Financial Sector Development Program.