Global Trade Alert
Global Trade Alert

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

Announcement

17 Dec 2018

On 17 December 2018 (10 Rabi Al Akhar 1440H), the Saudi Monetary Authority issued new rules allowing foreign insurance and reinsurance companies to establish branches in the kingdom.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

18 Dec 2018

Revocation date:

No revocation date

Updated: 17 Dec 2018
FDI: Entry and ownership rule In force

On 17 December 2018 (10 Rabi Al Akhar 1440H), the Saudi Monetary Authority (SAMA) issued Decision no. 18/440, which set new licensing and supervisio...

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