Saudi Re secures regulatory approval for India GIFT City branch
Operations are scheduled to begin in Q2 2026.
Saudi Reinsurance, listed on the Saudi Exchange as Saudi Re, has received approval from the Saudi Insurance Authority and Indian regulators to establish a branch in Gujarat International Finance Tec-City, according to a report.
The insurer said the branch will be set up in GIFT City, India’s international financial services hub, formalising its operating presence in the Indian market where it has conducted reinsurance business for more than ten years.
The company said the GIFT City branch is expected to commence operations in Q2 2026, following receipt of the necessary regulatory approvals.