premargin

Element List	Explanation
Announcement Detail	Saudi Reinsurance Company “Saudi Re” announces that it has obtained the approvals of the Saudi Insurance Authority and the relevant Indian authorities to open a branch in Gujarat International Finance Tec-City (GIFT City) in the Republic of India to conduct reinsurance business. The Company has been operating in the Indian market for more than ten years through its headquarters in Riyadh and seeks to further strengthen its presence in the Indian market, which represents one of the largest markets for the company outside its home market in the Kingdom. This step comes in light of the newly introduced regulations in the Indian insurance market, which give priority to local companies and international branches established in India. The opening of the branch is also aligned with the Company’s expansion strategy while diversifying geographic risks to maintain a balanced business portfolio, thereby supporting the sustainability of its technical performance. The Company expects the financial impact to commence at the start of the branch’s operational activities during the second quarter of 2026.

Element List

Explanation

Announcement Detail

Saudi Reinsurance Company “Saudi Re” announces that it has obtained the approvals of the Saudi Insurance Authority and the relevant Indian authorities to open a branch in Gujarat International Finance Tec-City (GIFT City) in the Republic of India to conduct reinsurance business. The Company has been operating in the Indian market for more than ten years through its headquarters in Riyadh and seeks to further strengthen its presence in the Indian market, which represents one of the largest markets for the company outside its home market in the Kingdom.

This step comes in light of the newly introduced regulations in the Indian insurance market, which give priority to local companies and international branches established in India. The opening of the branch is also aligned with the Company’s expansion strategy while diversifying geographic risks to maintain a balanced business portfolio, thereby supporting the sustainability of its technical performance.

The Company expects the financial impact to commence at the start of the branch’s operational activities during the second quarter of 2026.

Saudi Reinsurance Co. “Saudi Re” announces that it has obtained the regulatory approvals to open a branch in the GIFT City in India