Regulator Suspends Allied Cooperative's New Motor Insurance Policy Services

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.