The insurance firm is 65 per cent owned by the Saudi British Bank/Bloomberg
by Kudakwashe MuzoriwaThe Capital Market Authority board has imposed a fine of SAR 40,000 on SABB Takaful due to its violation of paragraph (5) of Article (63) of the rules on the offer of securities and continuing obligations.
The regulator stated that the Takaful company did not disclose the resignation of its board member Ian Keith Moore, who left the firm on 15 November 2019, until 21 November 2019.
The insurance firm, which is 65 per cent owned by the Saudi British Bank, offers a wide range of Shari’ah-compliant family and general products to both individual and corporate customers.
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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