(MENAFN) Twelve Saudi insurance companies plan to invest about USD266 million in their technical reserves, according to Arab News
The companies allocated as much as 20 percent of their capital outlay, or USD1Ù«38 billion worth
The Cooperative Insurance Company (Tawaniya) has the biggest portion of fund which totaled about USD145 million, or 55 percent of its capital, followed by Salama Insurance at USD11Ù«43 million
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.