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CompanyConfirmedUAE
ADNIC signs an MoU to insure UAE foreign ministry staff
The UAE's Ministry of Foreign Affairs has signed a memorandum of understanding with ADNIC for a tailored staff insurance programme, starting with motor cover and widening over time to other personal lines for employees and their families. It is a tidy, sticky book for ADNIC and another sign of government entities consolidating their people cover with a single national carrier under the 'Year of the Family' banner.
GovernanceCorroboratedKSA
Tawuniya lifts its capital by half through a bonus issue
Saudi Arabia's largest insurer is raising share capital by 50% to SAR2.25bn, issuing one bonus share for every two held and capitalising SAR750m of retained earnings rather than asking shareholders for fresh cash. The move thickens Tawuniya's capital base ahead of the Kingdom's planned shift to risk-based capital and keeps it well clear of a field that is steadily consolidating.
CompanyCorroboratedKSA
Salama clears two new products with the Saudi regulator
Salama Cooperative Insurance has won final Insurance Authority approval for two products, a tourist policy and a premium-residency policy, both aimed at the Kingdom's growing flow of inbound visitors and long-term residents. The approvals track Saudi Arabia's tourism and residency drive, where insurers are moving quickly to wrap cover around the new visa categories.
Each item is a short editorial summary with a link to the original source. Items marked Rumour · unverified are unconfirmed and should be treated with caution. Compiled automatically; corrections welcome.