Within the framework of the Saudi Arabian Monetary Authority’s keenness to protect the rights of the insureds and beneficiaries of the insurance coverage and consolidate the stability of the insurance sector and prevent irregular practices in the insurance sector and in accordance with Article 18 of the Cooperative Insurance Companies Control Law issued by Royal Decree No. (M/32) dated on 1424/06/02, and Article (76) of the Executive Regulations of the Cooperative Insurance Companies Control Law.

SAMA announces that the following companies:

1.       Al-barak for Inspection and Observation.

2.       Al-tayyar for cooperative insurance.

3.       Dar Myar for cooperative insurance.

4.       Insurance House Agency (Dar al-ta’ameen) for insurance.

5.       Dohil agency for insurance.

6.       Majal Al-wifaq agency for insurance.

7.       Al-hlool al-sahla agency for insurance.

8.       Al-tawwon Al-olaa agency for insurance.

9.       Medadd Al-aman agency for insurance.

10.   Eatimad agency for insurance.

11.   Al-majmoah al-mehaniah agency for insurance.

12.   Al-muheet Al-hadith agency for insurance.

13.   Emtithal al-mutahidah agency for insurance.

14.   Waseelh agency for insurance.

All of the above did not fully comply with regulatory requirements and instructions related to the practice of insurance activities and did not respond to the communication of SAMA through its addresses listed at SAMA. SAMA calls up on these companies to expedite correcting their situation within a period of 20 business days from the date of this announcement; otherwise SAMA will initiate license withdrawal procedures. SAMA also calls those beneficiaries and insureds who has a complaint against one of these companies to review Consumer Protection Department or through SAMA website WWW.SAMA.GOV.SA or through the Toll free ​8001256666.