The Saudi Arabia Insurance Authority has lifted its suspension of Al Sagr Cooperative Insurance Company from selling mandatory vehicle insurance, allowing the company to resume sales effective June 19, 2025. The decision follows substantial steps by Al Sagr’s board to strengthen governance, rectify recorded violations and comply with regulatory requirements and standards. The authority will continue monitoring the company to ensure its corrective measures remain in place.
2025-06-19Saudi Arabia Insurance Authority
Saudi Arabia Insurance Authority lifts Al Sagr's suspension from mandatory vehicle insurance sales
The Saudi Arabia Insurance Authority has allowed Al Sagr Cooperative Insurance Company to resume mandatory vehicle insurance sales from June 19, 2025. The company took steps to improve governance, address violations and meet regulatory requirements, and will remain subject to monitoring.