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Global Trade Alert

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Saudi Arabia: New rules allowing foreign insurance and reinsurance companies to establish branches are issued

Description

On 17 December 2018 (10 Rabi Al Akhar 1440H), the Saudi Monetary Authority (SAMA) issued Decision no. 18/440, which set new licensing and supervision rules allowing foreign insurance and reinsurance c...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

18 Dec 2018

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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