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Mon 17 Feb 2020 03:47 PM

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UAE's Orient Insurance gets green light for Saudi expansion

Sarran Mane Abu Saq has been appointed CEO of the company in Saudi Arabia

UAE's Orient Insurance gets green light for Saudi expansion

Orient Insurance has revealed plans to expand into Saudi Arabia.

The subsidiary of Al Futtaim Group has received approval from the Saudi Arabian Monetary Authority (SAMA) to open branches in the kingdom.

The company is currently working to complete the licensing procedures and is expected to start its operation during the current year.

Sarran Mane Abu Saq has been appointed CEO of the company in Saudi Arabia. The Saudi national is an ACII of the Chartered Insurance Institute and has worked at a number of insurance and brokerage companies over the past 25 years.

Orient Insurance is the official insurance provider for Expo 2020's site and operations.

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