02:05 AM EDT, 09/27/2026 (MT Newswires) -- Allied Cooperative Insurance Group (SASE:8150) was barred from issuing new comprehensive motor insurance policies by the Saudi insurance authority due to breach of supervisory and regulatory instructions, according to a Sunday release. The Saudi-listed insurer may continue to renew existing policies and offer other insurance products and services under the suspension, which took effect on Sept. 24. The group said necessary corrective actions are underway.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.