KINGDOM OF SAUDI ARABIA
Chedid Re initially started business in the kingdom of Saudi Arabia in 1998; in view of the important potentials of the Saudi market and the drive and supervision of SAMA to achieve high insurance industry standards, we established in 2010 operations in the Kingdom of Saudi Arabia; a move which is in line with our strategy and objectives and enables us to capitalize on Saudi Arabia's fast-growing insurance and reinsurance sectors.
We are expecting to grow our business to become the leading reinsurance broker, and offer our clients a wide range of tailored services addressed to their specific needs and in line with the market requirements.
The challenge of Chedid Re is to continuously enhance its value proposition to the different insurance and reinsurance companies so that we can be at the forefront of the industry, whilst supporting growth and a vibrant future for the market. The Saudi market deserves the best of what is available in terms of technical expertise and know-how, and we believe we have an important role to play in assisting a professional and profitable insurance industry.