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Article Two

No: 596/1

Effective from Apr 20 2004 - Apr 19 2004
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Objectives of the Law and its Implementing Regulation:

1.Protection of policyholders and shareholders. 
 
2.Encouraging fair and effective competition. 
 
3.Enhancing the stability of the insurance market. 
 
4.Enhancing the insurance sector in the Kingdom, and provide training and employment opportunities to Saudi nationals.