How to Liquidate an Insurance Company in 12 Months

A forensic autopsy built entirely from the public record.

Explore the sources Get the book

Front cover of How to Liquidate an Insurance Company in 12 Months by Sultan Sindi

The case file

1,553

days from first disclosed solvency breach to liquidation order

June 30, 2022 interim statements to the Commercial Court order of September 30, 2026. [FS-2022-Q2] [T-98337]

consecutive going-concern warnings

Audit and review reports, counted in Chapter 7. [R-ISA570] [R-ISRE2410]

SAR 60M

statutory deposit released

Insurance Authority no-objection, April 15, 2026. [T-94435]

months from suspension to liquidation

Suspension of compulsory products, October 28, 2025, to the liquidation order of September 30, 2026. [T-90979] [T-98337]

Start with the record

Everything in the book is a public filing. Everything here is a link to one.

Five findings

The five conclusions the filings support, summarised at the front of the book.

TODO: author copy — Finding 1.
TODO: author copy — Finding 2.
TODO: author copy — Finding 3.
TODO: author copy — Finding 4.
TODO: author copy — Finding 5.

Interactive Solvency calculator Apply the Article 66 method to any Saudi insurer, then see which Article 68 band the result falls in. Loads the Chapter 15 example in one click. Method How the book was built Public sources only, outcome framing, and what that rules out. Including the full disclaimer.

This site and the book describe what the public record shows. Nothing here is an allegation of wrongdoing against any individual, and nothing is investment, legal, accounting or regulatory advice.