Saudi Re Receives Insurance Authority (IA) Approval to Increase Capital to SR 1,336.5 Million
Saudi Re announces receiving (IA) approval on 24/10/1443H corresponding to 25/05/2022 to increase the company’s capital from 891 Million SAR to 1,336.5 Million SAR by Offering Rights Issue, provided that the company fulfills all the requirements of other official authorities. Note that the approval is valid for one year from its date to complete the […]
Saudi Reinvites its shareholders to attend the Ordinary General Assembly Meeting (First meeting) via means of modern technology
The Board of Directors of Saudi Reinsurance Company “Saudi Re” is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting which will be held virtually through means of modern technology scheduled at 19:00 on Thursday 21/10/1444 H corresponding to 11/05/2023. City and Location of the General Assembly’s Meeting:Kingdom […]
Saudi Re Announces the Results of the Ordinary General Assembly Meeting
introduction Saudi Reinsurance Company Announces the Results of the Ordinary General Assembly Meeting, (First Meeting) held at 7:00 pm after reaching the required quorum. The Meeting was chaired by the Chairman of the Board Mr. Hesham Al-Sheik City and Location of the General Assembly’s Meeting The Meeting was held remotely at the company’s head office […]
“Saudi Re” announces the appointment of its Board of Directors Chairman and Vice Chairman
“Saudi Re” announces that it has received on Sunday 15/11/1444 H corresponding to 04/06/2023 the Saudi Central Bank’s no-objection, via e-mail, to appoint the Chairman and Vice-chairman of the Board of Directors for the term of the Board of Directors that began on 11/05/2023 and ends on 10/05/2026 according to the following: First: Appointment of […]
Saudi Re 2023 first half results records SR 82 million profits with an increase of 135%
Saudi Reinsurance Company (Saudi Re) has unveiled a robust financial performance for the first half of the current financial year 2023, recording a net profit before Zakat of SAR 82 million compared to SAR 34.8 million last year, with an increase of 135%. The Company’s first half year results also recorded an increase in its […]
Saudi Re Appoints Ahmed Al-Jabr as New CEO
Saudi Reinsurance Company “Saudi Re” announced the appointment of Ahmed Al-Jabr as its new Chief Executive Officer, effective October 1st, 2024. Al-Jabr, who has been with Saudi Re since 2011, previously held the position of Chief Operations Officer before being promoted to the role of Deputy CEO. Subsequently, he was appointed as the Acting CEO […]
Saudi Reinsurance Company “Saudi Re” announces the sale of its shareholding in Probitas for GBP 120 million, to focus on other growth opportunities
Saudi Re announces an agreement with UK-headquartered insurance company Aviva Insurance Limited or the sale of Saudi Re’s entire 49.9% stake in Probitas Holdings (Bermuda) Limited including its subsidiaries, for a consideration of GBP 120 million subject to final closing adjustments. Commenting on the transaction, Fahad Al-Hesni, Managing Director and CEO of Saudi Re, said […]
Saudi Reinsurance Company’s Board Of Directors calls its shareholders to attend the Extraordinary General Assembly …Meeting which includes the increase of the Company’s capital (First meeting)
Introduction The Board of Directors of Saudi Reinsurance Company “Saudi Re” (the “Company“) is pleased to invite its honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting) which will be held virtually through means of modern technology scheduled at 7 PM on Tuesday 23/06/1446H (corresponding to 24/12/2024G). City and Location […]
Saudi Reinsurance Company announces the publication of the share issuance with suspension of preemptive rights prospectus
With reference to the approval of the Capital Market Authority on 23/05/1446H (corresponding to 25/11/2024G) of the capital increase of Saudi Reinsurance Company (the “Company“) by issuing shares with suspension of preemptive rights, whereby the capital will increase from 891,000,000 Saudi Riyals to 1,158,300,000 Saudi Riyals through offering 26,730,000 new ordinary shares with a nominal […]
إعلان “إعادة” عن تعيين رئيس مجلس الإدارة ونائبه
تعلن “إعادة” عن استلامها يوم الأحد 15/11/1444هـ الموافق 04/06/2023 م عدم ممانعة البنك المركزي السعودي عبر البريد الإلكتروني على تعيين رئيس مجلس الإدارة ونائبه لدورة مجلس الإدارة التي بدأت بتاريخ 11/05/2023 م وتنتهي بتاريخ 10/50/2026 م وفقا للآتي: أولا: تعيين السيد عبداللطيف الفوزان رئيساً لمجلس الإدارة ثانيا: تعيين السيد تركي السديري نائباً لرئيس مجلس الإدارة