Saudi Reinsurance Company (Saudi Re) has said that the establishment of its new branch in International Finance Tec-City (GIFT City) in Gujarat in India aligns with the company's expansion strategy and supports geographic risk diversification,
In conjunction with the establishment of the branch, Saudi Re hosted a launch event in Mumbai, India, on 18 January 2026.
In a statement, Saudi Re said, “This move aligns with the recently introduced regulations in the Indian insurance market, which give priority to domestic companies and international branches operating within the country. The Asian market accounts for 22% of the Saudi Re’s business portfolio.” Saudi Re operated for over 10 years in India before setting up the GIFT City branch.
While continuing to grow in its home market in Saudi Arabia, leveraging its strong competitive position, Saudi Re aims to strengthen its presence in regional and global markets, including India, which is among the company’s largest international markets.
Saudi Re CEO Ahmed Al-Jabr said at the launch dinner, “While this initiative makes us closer to our clients in India, it will further support the growth of our global business, enhance portfolio balance and improve operational efficiency.”
The GIFT City branch is the company’s second branch in Asia, alongside its branch in Malaysia, which was established in 2014.