Saudi Re raises its Capital to SAR 1.698 billion through Bonus Shares
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 […]
Saudi Re Delivers Strong Financial Performance in H1 2025 with 53% Revenue Growth and 17% Increase in Profits
Saudi Reinsurance Company “Saudi Re” announced its financial results for the second quarter of 2025, reporting a net profit after Zakat of SAR 52.6 million, compared to SAR 43.5 million in the same period last year- an increase representing 21%. This growth was supported by revenue growth and solid investment portfolio performance. Accordingly, Saudi […]
Saudi Reinsurance Company invites its shareholders to attend the Ordinary General Assembly Meeting (First meeting) via means of modern technology
English Introduction 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 at 8 pm on Monday 12/05/2025G corresponding to 14/11/1446H. through means of modern technology. City and Location of the General Assembly’s […]
Saudi Re announces its rating upgrade by Moody’s to A2 IFSR with a stable outlook
Saudi Reinsurance Company “Saudi Re” announces receiving an upgrade on its credit rating from Moodey’s from A3 to A2 with a stable outlook. The rating upgrade of Saudi Re to A2 reflects strengthened business and financial profiles following Saudi Arabia’s Public Investment Fund’s acquisition of a significant minority stake in Saudi Re and the […]
Saudi Re and Damanat Sign Memorandum of Understanding to Strengthen Reinsurance Collaboration
Saudi Reinsurance Company (Saudi Re) and Saudi Housing Guarantee Services Company (Damanat) have signed a Memorandum of Understanding (MoU) that establishes a collaboration framework between the two parties with the objective of developing insurance and reinsurance solutions for the mortgage financing sector. The MoU paves the way to design innovative risk management solutions that support […]
“Saudi Re” Announces that Moody’s has affirmed its rating at A3 Insurance Financial Strength Rating (IFSR) with Positive outlook
Saudi Reinsurance Company “Saudi Re” Announces that Moody’s has affirmed its rating at A3 Insurance Financial Strength Rating (IFSR) with a positive outlook. The financial rating of Saudi Re reflects its: 1- Strong brand and market position in Saudi Arabia as the sole Saudi professional reinsurer as well as a growing presence in its target […]
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 Re Announces the Assignment of Mr. Ahmed Al-Jabr as an Acting CEO
We are delighted to announce that Mr. Ahmed Al-Jabr has been appointed as the Acting CEO of “Saudi Re”. We would like to express our heartfelt gratitude to Mr. Fahad Al-Hesni, the former MD/CEO, for his tremendous contributions during his tenure with the company, and we wish him the best of luck in his future […]
Saudi Re Sponsors GAIF 2012
Saudi Re participates as Platinum Sponsor of the GAIF (General Arab Insurance Federation) 29th General Conference which will take place at Marrakech-Morocco, between 21st and 23rd May 2012. GAIF biennial general conference attracts the attention of the MENA insurance industry. The GAIF 2012 features leading speakers addressing a theme of “Insurance and the Arab World Reform”. […]
Saudi Re conducts a client seminar on “the reinsurance value proposition: actuarial modeling and capital management”
As part of its efforts to share best practice with its clients, Saudi Re has organized a seminar titled “the reinsurance value proposition: actuarial modeling and capital management”. The event, held in Riyadh on Oct 8th 2011, was attended by an audience of senior executives in the Saudi insurance industry. In his opening remarks, Mr. Fahad Al-Hesni, […]
