The Saudi Central Bank (SAMA) issued a statement encouraging insurance market stakeholders to speed up merger and acquisition operations.
According to the SAMA, these operations could strengthen the sector's financial position and make it more competitive.
Read also | Top 10 insurance companies in Saudi Arabia [4]
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[3] https://www.atlas-mag.net/en/issue/covid-19-insurers-down-yet-not-out
[4] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018