Alinma Tokio says advisor has dealt with poor internal controls

26/11/2017 Argaam

 

Alinma Tokio Marine Co. said that PricewaterhouseCoopers, the advisor hired by the insurer, has addressed in cooperation with the company a large part of irregularities related to poor internal controls.

 

Alinma hired PwC last July after the Saudi Arabian Monetary Authority (SAMA) instructed the insurer to study the reasons behind its failure to comply with some of the authority’s rules and regulations, Argaam earlier reported. 

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