الهيئة العامة للرقابة المالية

As part of the Financial Regulatory Authority’s (FRA) ongoing commitment to fostering a conducive business environment that enables companies’ growth and development, and in an effort to streamline operations for insurance companies and pools, FRA has responded to requests from insurance sector representatives. These requests were raised during a meeting with Dr. Islam Azzam, FRA Chairman, as part of his ongoing series of meetings with representatives from various non-banking financial sectors.

Consequently, FRA Board of Directors, chaired by Dr. Islam Azzam, issued Board Resolution No. 82 of 2026. The resolution grants insurance companies and insurance pools an additional 15-day extension to present their annual financial statements to their respective General Assemblies.

Under this resolution, insurance companies and pools are permitted to present their Annual Financial Statements for the fiscal year ending December 31, 2025 – along with the accompanying disclosures, the auditor’s report, and the Board of Directors’ report – by a deadline of May 15, 2026, instead of April 30, 2026.

Notably, the FRA is spearheading the development of essential regulations, bylaws, and legislation to empower non-banking financial institutions to scale and reach their operational targets. The Authority remains steadfast in safeguarding market stability, transaction integrity, and the equitable protection of all stakeholders. By establishing robust frameworks that ensure efficiency and transparency, the FRA continues to bolster the contribution of the non-banking sector to the national economy.