55% of KSA vehicles are uninsured

Updated 25 January 2016
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55% of KSA vehicles are uninsured

JEDDAH: An official at Najm Insurance Services has told local media that the database at his company shows that 60 to 65 percent of the traffic accidents in the Kingdom happen in major cities.
The insurance company specializes in minor accidents dealing with values of less than SR5,000, which make up 70 percent of the total number of traffic accidents in the Kingdom.
The insurance company offers services for applicants regarding traffic accidents that occur in remote cities where there are no such insurance companies. To make use of this innovative service, applicants can send their applications electronically to avoid having to travel long distances.
He said that the total number of the new insurance claim applications is estimated at 400,000 to 500,000 documents each month. He also noted that the available statistics indicate that 55 percent of the vehicles in the Kingdom are not insured, with the proportion of insured vehicles standing at just 45 percent.
He demanded a reconsideration of the applicable insurance mechanism to help increase the proportion of insured cars to 100 percent.


First Jeddah Vox Cinema to open January 28

Updated 26 min 52 sec ago
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First Jeddah Vox Cinema to open January 28

  • The cinema’s grand opening at the Red Sea Mall will be held at 6:30 p.m. local time
  • Vox Cinemas announced it would be investing $533 million to open 600 theaters in the next five years

Vox Cinemas will be opening its doors in Jeddah on Jan 28 for the first time since the ban was lifted in 2018.

Alan Bejjani, CEO of Al Futtaim, told Arab News at the sidelines of the World Economic Forum in Davos.

The cinema’s grand opening at the Red Sea Mall will be held at 6:30 p.m. local time, where a ribbon cutting ceremony will be held with entertainment and a movie screening.

Last year, Vox Cinemas announced it would be investing $533 million to open 600 theaters in the next five years.

Cinemas had been banned for 35 years until the first cinema in the Kingdom opened on April 18, 2018, in Riyadh.

This comes as part of Crown Prince Mohammed Bin Salman’s Vision 2030 initiative which has been pushing for social reform and broadening the economy to reduce its reliance on oil to tackle youth unemployment.