ARN News Centre

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

UAE condemns attack by Houthi group on Saudi-flagged vessel

The United Arab Emirates has condemned in the strongest terms the attack by the Houthi group targeting the Saudi-flagged vessel Encelia while sailing in the Red Sea.
UAE President discusses future developments with Ruler of Fujairah and Crown Prince

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, on Thursday.
UAE launches 'National Readiness Programme' for Emirati school graduates

The United Arab Emirates has launched the "National Readiness Programme - Ghatareef" for Emirati secondary school graduates.
Dubai Municipality sets world record for implementing best practices, governance standards

Dubai Municipality has been officially recognised by Official World Record (OWR) for implementing the highest adoption of best practices and governance standards.