The Insurance Authority and the Capital Market Authority Sign a Memorandum of Cooperation to Enhance Mutual Collaboration and Develop the Insurance and Financial Market Sectors.
هيئة التأمين وهيئة السوق المالية توقعان مذكرة تعاون لتعزيز التعاون المشترك وتطوير قطاعي التأمين والسوق المالية
The Insurance Authority and the Capital Market Authority signed a memorandum of cooperation on Sunday, 03 Sha'ban 1446 AH corresponding to 02 February 2025, to enhance joint efforts in developing the insurance and financial market sectors. The signing was attended by the Insurance Authority's CEO, Naji Al-Faisal Al-Tamimi, and the CMA's Vice Chairman, Yousef bin Hamad Al-Bulaihed, with the memorandum signed by Abdullah bin Saleh Al-Humaid (Insurance Authority) and Abdullah bin Mohammed bin Ghannam (CMA). The memorandum aims to improve supervision of insurance companies listed on the financial market and to support the Financial Sector Development Program.
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