Abdurrahman

3 Jun 2026

The Saudi Central Bank has emphasized the need for verified appraisal… – Abdurrahman

The Saudi Central Bank has emphasized the need for verified appraisal reports when assessing leased vehicles involved in accidents and classified as total economic losses. The requirement applies to evaluations conducted by firms licensed through the Saudi Authority for Accredited Valuers. Officials say the measure is aimed at strengthening transparency, improving financial oversight and ensuring fair assessment procedures within the leasing sector. #SaudiArabia #SAMA #Finance #Insurance #Automo