Saudi Re Reports 73% Revenue Growth and 32% Increase in Net Profit in Q1
Saudi Reinsurance Company “Saudi Re” reported a net profit after Zakat of SAR 46.7 million in the first quarter of 2026, representing a 32% increase compared to SAR 35.4 million in the corresponding period of the previous year. The first quarter results were driven by resilient underwriting and positive investment returns. Insurance revenue in Q1 […]
Saudi Re Maintains A2 Rating by Moody’s Ratings
Saudi Reinsurance Company (Saudi Re) has maintained its Insurance Financial Strength Rating (IFRS) at A2 with a Stable Outlook, announced Moody’s Ratings (Moody’s) following its periodic review completed in April 2026. According to Moody’s, Saudi Re’s A2 IFSR reflects its established brand and market position in Saudi Arabia as the Kingdom’s first home-grown professional reinsurer, […]
Saudi Reinsurance Company invites its shareholders to attend the Extraordinary Ordinary General Assembly Meeting (First meeting) via means of modern technology.
Introduction The Board of Directors of Saudi Reinsurance Company “Saudi Re” is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting which will be held at 6:30 pm on Sunday 10/05/2026G corresponding to 23/11/1447H. through means of modern technology. City and Location of the General Assembly’s Meeting: Kingdom […]
Saudi Re reports SAR 140 million in profit with 48% increase in revenue during 2025.
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 […]
“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, […]
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 […]