Insurance mergers are on track: Saudi Central Bank

Dr. Fahd bin Abdullah Al-Mubarak, governor of the Saudi Central Bank, believes that the bank’s plans for the insurance sector are on right track as evidenced by the recent mergers of the insurers in 2020, Middle East Insurance Review reported. The central bank will continue to encourage mergers and acquisitions in the insurance sector to improve the insurers’ operational efficiency, financial strength and profitability.

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