36 insurance agents suspended by CMA 


هذه الصفحة متوفرة بهذه اللغة: العربية

29 December 2020

MUSCAT (WAF)- Oman’s Capital Market Authority (CMA) has suspended 36 insurance agents for failing to meet the Omanisation target, a press statement by CMA stated.

In April 2016, the CMA issued regulations for licensing insurance agents. These regulations included meeting a 100% Omanisation ratio within three years. And after failing to comply, CMA –the regulator of the insurance sector in Oman- decided to suspend these agents.

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Oman insurance sector is leading an aggressive campaign to increase the number and quality of local human resources in the sector under “Tamkeen” initiative.