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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Insurance (Takaful) more

Insurance M&A needs Saudi central bank’s nod

Posted on 19 October 2010

From Reuters: The Saudi insurance market is ripe for mergers and acquisitions but these await a nod from the central bank, the chief executive of the kingdom’s biggest insurance firm Tawuniya 8010.SE said.
Ali Al-Subaihin also told the Reuters Middle East Investment Summit that Tawuniya does not plan to tap the debt market after Standard & Poor’s Ratings Services revised its outlook on the firm to stable from negative earlier this week……………………………………….Full Article: Source

 
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