Al-Ahlia Insurance is banned from issuing personal insurance

13/11/2014 Argaam

The Saudi health insurance regulator has banned Al-Ahlia Insurance Company from  issuing personal health insurance  coverage, effective Nov 13, 2014 because the company does not abide by regulations, the company said in a  statement to the Saudi bourse, Tadawul.

 

The decision will reflect negatively on the sales of the company in the 4th quarter or until the ban is lifted, it added. 

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