Al-Jadaan says Insurance Authority to help sector develop, grow

16/08/2023 Argaam
Mohammed Al-Jadaan, Minister of Finance

Mohammed Al-Jadaan, Minister of Finance

The establishment of the Insurance Authority is a vital step in the Financial Sector Development Program (FSDP), an initiative under the Vision 2030, to develop and enhance the Saudi insurance sector, Minister of Finance Mohammed Al-Jadaan said in a tweet on X platform.

 

The step boosts the insurance sector's contribution to the Saudi economy, increasing job creation and encouraging investment.

 

According to data compiled by Argaam, the Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved the establishment of an Insurance Authority.

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