Saudi Arabian Monetary Agency obligates insurance companies to include disaster coverage

Updated 28 November 2017

Saudi Arabian Monetary Agency obligates insurance companies to include disaster coverage

RIYADH: The Saudi Arabian Monetary Agency (SAMA) has obliged insurance companies to include comprehensive vehicle insurance policy for individuals or companies covering natural disasters, 3alyoum news site reported.

The insurance includes damage caused by floods, rain and cold as mandatory coverage in the overall insurance product.

According to information obtained by 3alyoum news site, Hesham Tashkandi, director general of insurance control department at SAMA, issued a circular in which he stressed that all insurance companies must modify their products to comply with the need for comprehensive insurance coverage to include natural disasters.

He warned that “the department will apply legal procedures to companies violating this circular, starting in January 2018.”

“This is in the interest of SAMA to ensure that insurance claimants have adequate information on insurance products and the appropriate coverage for their needs,” he added.


Saudi Arabia’s AlUla provides a perfect ‘Corner of the Earth’ for Jamiroquai to shine

Updated 25 January 2020

Saudi Arabia’s AlUla provides a perfect ‘Corner of the Earth’ for Jamiroquai to shine

  • “I was transported into a completely different world”: Jay Kay

ALULA: British band Jamiroquai thrilled a delighted audience at Maraya Concert Hall in Saudi Arabia on Friday night during a show packed with hits.

In a first for a venue more used to hosting opera and classical concerts, the British funk/acid jazz outfit had fans dancing along to the music.

The show, at the distinctive, mirror-covered concert hall in historic AlUla, was part of the second Winter at Tantora festival. It opened with “Shake It On,” followed by the hit singles “Little L,” “Alright,” and “Space Cowboy.” By this time the crowd was well and truly warmed up, and “Use the Force” got them on their feet.

“The song seemed to resonate with everyone” Jay Kay told Arab News in an exclusive interview after the show.

During the gig, Kay dedicated the 2002 song “Corner of the Earth” to AlUla, which he described as a “magical and wonderful place, which is absolutely stunning.” The opportunity to perform there was “an honor and privilege” he added. He also thanked “Crown Prince Mohammad Bin Salman for his vision, and Prince Badr for making this happen and the great hospitality.”

After a further selection of singles and album tracks, the show ended on a high with a quartet of hits — “Cosmic Girl,” “Virtual Insanity,” “Canned Heat” and “Lovefoolosophy.”

Kay praised the Maraya Concert Hall as “a brilliant place to play.” He admitted that initially he was a little worried when he saw it because he was under the impression it would be an outdoor venue. However, any concerns he had were gone by the time the first sound check was done.

“I was transported into a completely different world; the acoustics were unbelievable, like being in a German concert hall,” he said. “It is obviously very well thought out and that’s what makes it so good. The sound was fabulous — I never looked at my sound guy once.”

Jamiroquai’s music videos often feature Kay in super cars, of which he owns many, and he revealed that he would love to shoot such a promo in AlUla.

“In reality, I’m desperate to get in one of the dune buggies, and would kill to have a (Ariel) Nomad and have a go in one in AlUla, where it’s supposed to be driven, for a day or five and dune bash, which is such a rare thing for us in England,” he said.

The singer also said he wants to bring his family to AlUla, which has become a hub for culture and creativity in Saudi Arabia.

“I would like to come out with my family and my youngest, who is called Talula, so hopefully we can have Talula come to AlUla, which would be wonderful,” said Kay.

He added that he was looking forward to exploring the area on Saturday, before leaving the country, but added: “I’m sure you can never have enough time to see everything there is to see.”