Scottish Provident International Life Assurance (SPILA) has joined with Saudi Hollandi Bank (SHB) to...
Scottish Provident International Life Assurance (SPILA) has joined with Saudi Hollandi Bank (SHB) to manufacture bespoke financial planning products for SHB to market in Saudi Arabia. Traditional distribution methods such as intermediaries are not an option in Saudi Arabia and SPILA had been in talks with SHB for the past two years to distribute its life products.
SHB is a joint stock bank that is 40% owned by ABN AMRO and has a network of 41 branches covering all of the major population centres in Saudi. SHB offers a wide range of banking products for personal and business purposes.
Consultation closing 15 September
Across all public sector schemes
Proceeds being returned to investors