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Scot Prov International moves into Saudi market

Scottish Provident International Life Assurance is to enter the Saudi Arabian market after signing a deal with Saudi Hollandi Bank.

IFA distribution is not allowed in Saudi Arabia so SPILA will manufacture bespoke financial planning products for SHB to market in Saudi Arabia.

SPILA director of marketing and corporate development Bryan Low says: "We have been talking to Saudi Hollandi across the last two years and we are now looking forward to working with them to develop the embryonic financial planning market in Saudi Arabia."

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