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Insurance Authority (IA) · Press Release

Insurance Authority Approval of Surety Bonds Insurance Product for the Public Investment Fund

هيئة التأمين تعلن عن اعتماد منتج تأمين سندات الكفالة (Surety Bonds Insurance) المقدم لصندوق الإستثمارات العامة

No action neededAwareness

The Insurance Authority has approved a Surety Bonds Insurance product submitted by Wala'a Cooperative Insurance Company for the Public Investment Fund, assigned identification number F-WALA-1-C-24-098. The product aims to enhance investment in Saudi Arabia by guaranteeing contractors' completion of construction projects belonging to Public Investment Fund companies. The Authority emphasizes the need to verify licensed products by confirming the product identification number on all documents related to products sold in the Saudi market.

PublishedJune 30, 2024
Effective
GazetteNot gazetted
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