With reference to the announcement of the Saudi Arabian Monetary Authority (SAMA) on 5/17/1438 AH corresponding to 2/14/2017 AD, which includes stopping Namar Insurance and Reinsurance Brokerage Company from practicing any activity in the insurance sector as of the date of the announcement. SAMA announces that it has decided to allow Namar Insurance and Reinsurance Brokerage Company to practice insurance and reinsurance brokerage, starting from Sunday 7/26/1438 AH corresponding to 4/23/2017 AD. The decision came after the company has addressed SAMA's observations and confirms its commitment to standards and requirements set by SAMA.