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Thursday, November 12 - 2009

Al Alamiya receives approval to operate in Saudi Arabia

  • Saudi Arabia: Tuesday, January 06 - 2009 at 16:47
  • PRESS RELEASE

The Saudi Council of Ministers headed by King Abdullah Bin Abdul-Aziz, the Custodian of the Two Holy Mosques, has announced the issuance of the Royal Decree that grants approval to Al Alamiya to operate as a licensed insurance company in the Kingdom of Saudi Arabia.

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Al Alamiya has over 30 years experience in providing insurance solutions to clients in Saudi Arabia. This longevity, coupled with the International expertise and knowledge garnered through the RSA Group, has enabled Al Alamiya to work in partnership with our customers and bring both international and local underwriting and claims expertise.

Mark Cooper, Chief Executive Officer, Al Alamiya, said:
"The issue of the Royal Decree is a significant milestone for Al Alamiya in Saudi Arabia. On behalf of Al Alamiya I extend my deep thanks and sincere appreciation to the Government of the Kingdom of Saudi Arabia."


Cooper continued, "We would also like to thank all our clients, providers and partners for making this important stage in our business development possible. In return for their faith and unwavering belief in us, we commit to provide them with the best customer service at all time. Our further commitment to Saudi Arabia is confirmed by our clear intent to continue our drive towards Saudisation making the national workforce a key component of our business."
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Notes and media contacts

About RSA:

RSA is one of the world's leading insurance groups, with the capability to write business in
over 130 countries and with major operations in the UK, Scandinavia, Canada, Asia, Middle
East and Latin America. Focusing on general insurance, it has around 22,000 employees
worldwide.

In KSA, Al Alamiya is equipped with a portfolio of strong commercial lines and personal lines
products. Al Alamiya offers commercial lines insurance including property all risks, marine
insurance, contractors & erection all risks insurance, etc and personal lines insurance
including motor insurance, medical insurance and HOG insurance.

The company brings together as its shareholders the Royal & SunAlliance Middle East Ltd., three prominent Saudi families and one of the Kingdom's leading banks- Riyad Bank. As a top five international insurance company in the kingdom, our major strength over the years has been our reputation for quality, integrity and professionalism. Many of our high profile Saudi customers have been with Al Alamiya since its inception in 1976 and the business has provided itself to be a good role model of international expertise and local shareholder strength.

In Asia & Middle East, RSA has its regional headquarters in Dubai with operations in 8
countries - China, India, Hong Kong, Singapore, UAE, Oman, Saudi Arabia and Bahrain.
In the Middle East, RSA has had five decades of successful operation. In 2007 and in 2008,
RSA were awarded the 'Middle East General Insurer of the Year' title by POLICY magazine.

For further information please contact:

Yasmin Adem
Account Executive
Hill & Knowlton
Tel: +966 1 288 6734/35
Fax: +966 1 288 6736
PO Box 251 Kingdom of Saudi Arabia

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