The end of licensing process
Among the 13 recently licensed companies, Al Malaz Insurance Co. is the first to invest 48% of its capital that is 300 million SAR (80 million USD) in the stock market.
Mediterranean & Gulf Insurance and Reinsurance (Med Gulf) has also invested 25% of its capital in the stock market. These moves are meant to finalise the new companies' licensing process.
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Wed, 10/04/2013 - 15:33
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