Alinma Tokio Marine gets SAMA nod for new product

03/04/2017 Argaam

Alinma Tokio Marine Co. has obtained approval from the Saudi Arabian Monetary Authority (SAMA) on its new commercial credit insurance product, the insurer said in a statement on Tadawul.

 

Saudi Arabia’s Capital Market Authority (CMA) recently approved the insurer’s request to reduce its capital by 33.3 percent from SAR 450 million to SAR 300 million.

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