23 December 2024
In the presence of His Excellency the Chief Executive Officer of the
Insurance Authority, Engineer Nayef Al-Fayez, the authority announces the
licensing of Orient Insurance Company to practice insurance and reinsurance
activities in the Kingdom and carry out its operations by providing general
insurance services, health insurance, protection, and savings. This step comes
as part of the continuous efforts of the Insurance Authority to enhance
financial stability, develop the insurance sector, support growth
opportunities, expand the investor base, and provide added value to the local
market.
Orient Insurance Company, established in the United Arab Emirates in
1981, is one of the companies with extensive experience and a distinguished
reputation in providing insurance and reinsurance services. The company seeks
to enter the Saudi market competitively by meeting the needs of individuals and
companies through innovative solutions and a variety of business models. The authority
has called on all citizens and interested parties to deal only with licensed
companies, which can be verified through its official website: www.ia.gov.sa