AlSuwaiket and AlBusaiyes Co.

Vessels’ Arrest and Release before KSA Courts

Vessel

Introduction Saudi Arabia, with its extensive coastline along the Red Sea and Arabian Gulf, is renowned for its thriving maritime industry. Therefore, it is essential to establish a foundational framework to govern and regulate this industry effectively. In line with this objective, on 05/04/1440 H (corresponding to 12/12/2018 G), the Saudi Arabian legislator enacted Saudi… Continue reading Vessels’ Arrest and Release before KSA Courts

The Advancement of Maritime Insurance Regulations in the Kingdom of Saudi Arabia

Vessel

In the process of modernizing marine insurance in the Kingdom of Saudi Arabia (KSA), the Saudi Arabia Central Bank (SAMA) issued official Marine Insurance Coverage Instructions on October 4, 2023. The issuing of these instructions was a significant step towards establishing a regulatory framework for both mandatory and non-mandatory marine insurance within the KSA, as… Continue reading The Advancement of Maritime Insurance Regulations in the Kingdom of Saudi Arabia

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