Imposition of a penalty on Allianz Saudi Fransi Cooperative Insurance Company

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Allianz Saudi Fransi Cooperative Insurance Company, due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public about obtaining a permit renewal of SAMA on 01.01.2014 AD, to practice insurance activity in the following sections (general insurance, health insurance, protection and savings). It was later announced on 02/ 01/2014 AD after the market was closed.

Published on the same date

Imposition of a penalty on Al Sagr Co-operative Insurance Company
Imposition of a penalty on Al-Jouf Agriculture Development company
Imposition of a penalty on Arabian Shield Cooperative Insurance Company
Imposition of a penalty on National Gas & Industrialization Company
Imposition of a penalty on on Northern Region Cement Company
Imposition of a penalty on Rabigh Refining and Petrochemical Company
Imposition of a penalty on Sanad Insurance and Reinsurance Cooperative Company
Imposition of a penalty on Saudi Indian Company for Co-operative Insurance (Wafa insurance)
Imposition of a penalty on Saudi Marketing Company

Imposition of a penalty on Allianz Saudi Fransi Cooperative Insurance Company // <![CDATA[ _spBodyOnLoadFunctionNames.push("setupPageDescriptionCallout"); // ]]>

Imposition of a penalty on Allianz Saudi Fransi Cooperative Insurance Company