Saudi Arabia: SALAMA receives nod for rights issue from capital market regulator

Published on July 25, 2023
The Saudi Capital Market Authority (CMA) has approved the application of SALAMA Cooperative Insurance Company to increase its capital by SAR100m ($26.67m) through a rights issue.
Continue reading on website
Other news

Morocco: Insurance sector remains a "price" market

July 25, 2023
The insurance market in Morocco is still a "price" market at present, Mr Mohamed Hassan Bensalah, president of the Moroccan Federation of Insurance, has said, calling for a halt to unhealthy price

Bahrain: Damana sees GWP growth following lifting of regulatory restrictions

July 25, 2023
Saudi Arabian Insurance Company (Damana) reported gross written premiums (GWP) of BHD16.8m ($44.6m) in 2022, an increase of 8.6% compared with the previous year as the company executed strategic