Saudi Arabia: Planned increase in minimum capital requirement for insurance companies

The Saudi Arabian Monetary Agency (SAMA) is planning to increase the minimum level of capital required for carrying out the insurance activity in Saudi Arabia. The new regulation that should be promulgated in the coming months aims to strengthen the consolidation of the Saudi market.

The minimum share capital is currently set at 100 million SAR (26.7 million USD) for insurance companies and 200 million SAR (53.4 million USD) for reinsurers.

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