SAMA announces lifting the suspension of Ajyad Al Khaleej Corporation Insurance Agency

11/28/2017 12:00 AM

                In addition to the announcement of the Saudi Arabian Monetary Authority on 11/27/1438 AH corresponding to 08/19/2017 AD, which included preventing Ajyad Al-Khaleej Company from accepting mandatory vehicle insurance subscribers, and thus preventing it from issuing or renewing any vehicle insurance policy as of 11/28 / 1438 AH corresponding to 08/20/2017 AD.

                SAMA announces that it has decided to allow Ajyad Al Khaleej Insurance Agency to start practicing insurance activity, as of Thursday 03/05/1439 AH corresponding to 11/23/2017 AD. This is after the company managed and dealt with SAMA's the observations and its compliance with the standards and requirements that guarantee the rights of customers and beneficiaries of insurance coverage and without prejudice to pricing by the continuous development of the internal audit system, compliance management and the company's internal control procedures. It affirmed its commitment to continue implementing the corrective measures based on the company.

 

                SAMA calls on all the insured and the beneficiaries of the insurance to adhere to their rights at all times and to review the company in this regard. In the event that the company does not respond; Submit a complaint to the Consumer Protection Department through SAMA's website WWW.SAMA.GOV.SA or by calling the toll-free number 8001256666.

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