UAE Central Bank revokes licence of Al Khazna Insurance Company

Friday, 11 July 2025 13:11

By ARN News Staff

The Central Bank of the UAE (CBUAE) has taken action against an insurance company that failed to comply with its regulatory obligations.

The authority revoked the licence of Al Khazna Insurance Company after follow-up inspections revealed the firm failed to meet the licencing requirements necessary to conduct business during the suspension period.

The CBUAE works to ensure that all insurance companies and professionals abide by the laws, regulations and standards in order to safeguard the transparency and integrity of the insurance industry and the UAE’s financial system.

More from UAE News

RTA opens bridge under Oud Metha and Al Asayel Streets development project

Dubai’s Roads and Transport Authority (RTA) opened a major three-lane bridge on Sunday, as part of the Oud Metha and Al Asayel Streets Development Project.
UAE sends more aid convoys to Gaza under 'Operation Chivalrous Knight 3'

The United Arab Emirates has sent five aid convoys to the Gaza Strip this week as part of 'Operation Chivalrous Knight 3'.
UAE President praises team behind 54th Eid Al Etihad celebrations

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has thanked the team behind the UAE's 54th Eid Al Etihad celebrations, praising their efforts in delivering the nationwide event.
Sheikh Abdullah, Canadian FM discuss bilateral ties, CEPA agreement

Sheikh Abdullah bin Zayed Al Nahyan, United Arab Emirates Deputy Prime Minister and Minister of Foreign Affairs, discussed bilateral relations during a telephone call with Anita Anand, Canada's Minister of Foreign Affairs.