Saudi Re posts net profit SAR 475 million and recommends increasing capital by granting bonus shares of 539 million
Saudi Reinsurance Company “Saudi Re” announced its financial results for 2024, reporting a net profit after zakat of SAR 475 million, reflecting a 282% increase compared to 2023. The Company’s gross written premiums (GWP) grew by 48%, reaching SAR 2.36 billion, driven by the growth across all lines both locally and internationally. Saudi Re’s underwriting […]
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