Saudi Reinsurance Company “Saudi Re” announced its financial results for the year ending on 31/12/2025, reporting a 48% increase in revenue to SAR 1.67 billion, compared to the same period of the previous year.  This growth was supported by expansion across multiple business lines both domestically and internationally. The Company recorded net profit after Zakat of SAR 140 million, representing a 71% decrease compared to SAR 475 million for the same period last year. The prior-year period included exceptional capital gains of SAR 365.9 million. Excluding the non-recurring gains recorded in 2024, the Company’s profit grew by 28%, supported by a balanced contribution from underwriting performance and investment income. Furthermore, Gross Written Premiums (GWP) increased by 24% to SAR 2.9 billion, compared to SAR 2.36 billion for the corresponding period of the previous year.  Ahmed Al-Jabr, CEO of Saudi Re, commented: “We continue to deliver sustainable profitable growth, driven by strong underwriting performance, while achieving a record Gross Written Premiums, with the Company’s business volume doubling over the past three years.”  He added: “Our ambitious strategy focuses on reinforcing our leadership in the Middle East and supporting the Kingdom’s insurance sector by increasing the insurance capacity, enhancing premium retention, and contributing to the development of innovative insurance products, fully aligned with the National Insurance Strategy.” Saudi Re continued to strengthen its financial position by increasing its capital by 90% in 2025 to reach SAR 1.69 billion, following the Public Investment Fund’s entry as a strategic partner, in addition to distributing bonus shares. This made Saudi Re the highest capitalized company in the insurance sector on the Saudi Stock Exchange and in the reinsurance sector across the Middle East. The Company’s strong operational and financial performance also reflected positively on its credit ratings, leading to rating upgrade by Moody’s to “A2” with a stable outlook, and affirmation from Standard & Poor’s at “A-” with revised outlook from stable to positive. Saudi Reinsurance Company “Saudi Re”, a PIF portfolio company, is listed on the Saudi Exchange and is one of the leading reinsurance companies in the region, with a capital of SAR 1.7 billion. The Company operates under the supervision of the Saudi Arabian Insurance Authority and has a presence in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India.

“Saudi Re” launches its new branch in the GIFT City in India to strengthen its presence in the Asian market Saudi Reinsurance Company “Sudi Re” launches its new branch in Gujarat International Finance Tec-City (GIFT City) in the Republic of India. This initiative aligns with the Company’s expansion strategy and supports geographic risk diversification, reinforcing portfolio balance, sustainability and resilience of its technical performance. On this occasion, the Company held a launch event in Mumbai, India, under the patronage of His Excellency Mr. Sulaiman Al-Otaibi, Consul General of the Kingdom of Saudi Arabia, hosting its clients and partners from the Indian market. 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.  GIFT City branch is the Company’s second branch in Asia, alongside its branch in Malaysia, which was established in 2014.  The Indian market ranks among the world’s top ten insurance markets, with total premiums exceeding USD 130 billion. It is also considered one of the fastest-growing emerging markets.  While continuing to grow in its home market in the Kingdom, leveraging its strong competitive position, Saudi Re aims to strengthen its presence in the regional and global markets, including India, which is among the Company’s largest international markets. Ahmed Al-Jabr, Chief Executive Officer of Saudi Re, commented: “We are delighted to strengthen our presence in the Asian markets with the opening of a branch in India, where the Company has been operating for over ten years.” He added, “While this initiative makes us closer to our clients India, it will further support the growth of our global business, enhance portfolio balance, and improve operational efficiency.” Saudi Re previously announced obtaining all the necessary official approvals from the Saudi Arabian Insurance Authority and the relevant Indian authorities. This strategic step is also in line with the objectives of the National Insurance Strategy, which aims to enable Saudi reinsurance companies to expand in global markets. Saudi Reinsurance Company “Saudi Re”, a PIF portfolio company, listed on the Saudi Exchange and one of the largest reinsurance companies in the region, with a capital of SAR 1.7 billion. The Company operates under the supervision of the Saudi Arabian Insurance Authority and has a presence in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India. It holds an “A2” credit rating with a stable outlook from Moody’s and an “A-” rating with a positive outlook from Standard & Poor’s.

Saudi Reinsurance Company “Saudi Re” announced that the Extraordinary General Assembly, in its meeting held on October 9, approved increasing the Company’s capital from SAR 1.158 billion to SAR 1.698 billion (USD 452.8 million) by capitalizing SAR 539.8 million from retained earnings. As a result, the Saudi Re’s total number of shares will rise from 115.83 million to 169.81 million upon completion of the capital increase. With this capital increase, Saudi Re becomes the top-capitalized listed company in the Saudi insurance sector andin the reinsurance sector in the Middle East. The Extraordinary General Assembly approved a 46.6% capital increase through the distribution of bonus shares to shareholders. The increase will be implemented by issuing 51.48 million shares, at a ratio of 4 shares for every 9 existing shares, representing 44.44% of the total capital increase. An additional 2.5 million shares, equivalent to 2.16% of the increase, will be allocated to the long-term employeeincentive program. Ahmed Al-Jabr, CEO of Saudi Re, said: “This milestone reinforces our financial position and credit rating, while boosting clients’ confidence in the Company’s financial strength. It further aligns with our growth strategy as the capital will be invested to advance business activities, enhance competitiveness, and sustain profitability.” He noted thatthe bonus share distribution underscores the Company’s ability to generate value and sustainable returns to shareholders. This marks the second capital increase by Saudi Re during the current year, following a 30% increase earlier this in January along with the Public Investment Fund’s (PIF) entry as a strategic partner. These developments coincide with the Company’s having strong performance, with business volume having doubled over the past three years and written premiums exceeding SAR 2.3 billion by theend of 2024. The announcement comes on the heels of a credit rating upgrade by Moody’s, which raised Saudi Re’s rating to “A2” with a stable outlook. The improved rating highlights the Company’s strengthened business and financial profile, particularly following the Public Investment Fund’s (PIF) acquisition of a significant minority stake in Saudi Re. This development, along with new regulatory mandates for local reinsurance cessions, has positively impacted the Company’s performance. Saudi Re, a portfolio company of the Public Investment Fund, is listed on the Saudi Exchange and operates under the supervision of the Insurance Authority. Saudi Re serves over 40 markets across the Middle East, Asia, and Africa. It holds a credit rating of “A2” from Moody’s and “A-” from S&P Global Ratings, both with stable outlooks. For more Details: Announcement Details Saudi Reinsurance Company (Saudi Re) announces the results of the Extraordinar…