Saudi Arabia: Chedid Re Europe establishes regional headquarters

Source: Middle East Insurance Review | Apr 2023

Chedid Re Europe, a member of Chedid Capital Holding, has announced that it has chosen Saudi Arabia as headquarters for its regional operations, through establishing Chedid Europe Regional, keeping pace with its strategy to expand its business and operations in the Middle Eastern reinsurance market.

Commenting on this strategic move, Chedid Re global operations CEO Elie Abi Rached said, “We are proud to reinforce our presence in the Saudi market, a market that deserves the best in terms of technical expertise and know-how, and we believe we have an important role to play in assisting a professional, vibrant and pioneering insurance industry.”

Chedid Capital chairman and group CEO Farid Chedid said, “The entire group supports this move because the Kingdom of Saudi Arabia is at the heart of our strategy, and we are working hard to make this step a success and to achieve the kingdom’s Vision 2030.” M

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