Riyadh, September 14, 2023, The Saudi Central Bank (SAMA) granted Al-Tizam for electronic insurance brokerage and Altheqa Insurance Brokers licenses to provide insurance aggregation services (soft launch). Al-Tizam and Altheqa bring the total number of licensed insurance aggregation businesses operating in Saudi Arabia to five. This choice underscores SAMA's efforts to assist the insurance industry, boost its financial efficiency, and promote cutting-edge insurance services for Saudi Arabia's financial inclusion. The SAMA stresses the value of only doing business with approved financial institutions. Visit the SAMA website to view financial institutions that have been authorized and licensed.
