Category: Uncategorized

Saudi Re wins ‘Reinsurance Company of the Year’ award at Middle East Insurance Industry Awards 2021

Saudi Reinsurance Company (Saudi Re) bagged the “Reinsurance Company of Year” Award at the prestigious 8th Middle East Insurance Industry Awards 2021 held virtually in Dubai. “Saudi Re is delighted to win the ‘Reinsurance Company of Year’ award, which recognizes the evolution of Saudi Re and reflects our client centric approach, commitment to market development and efforts […]

Saudi Reinsurance Company “Saudi Re” invites its shareholders to attend the General Assembly Meeting (First Meeting) by means of modern technology

The Board of Directors of the Saudi Reinsurance Company “Saudi Re” is pleased to invite the honorable shareholders to attend the General Assembly meeting which will be held virtually through the modern technology means via (www.tadawulaty.com.sa) link , scheduled 18:30 on Thursday 23/07/1443H corresponding to 24/02/2022, in line with the preventive and precautionary efforts and […]

Saudi Re announces board Recommendation to increase capital by offering rights issue

Saudi Reinsurance Company (Saudi Re), listed on the Saudi Exchange (Tadawul), announced on April 6, 2022 that the board of directors recommended increasing the company’s capital by 50% through a rights issue. The SR 445.5 million rights issue will increase the capital from SR 891 million to SR 1.336 billion. Accordingly, the number of shares […]

Saudi Reinsurance Company “Saudi Re” announces the start date of the electronic voting on the items of the General …Assembly Meeting

The Board of Directors of the Saudi Reinsurance Company “Saudi Re” is pleased to announce to its shareholders the start date of the electronic voting on the items of the Ordinary General Assembly meeting which will be held at 19:00 on Wednesday 10/10/1443H corresponding to 11/05/2022 In the interest of the safety of dealers in […]

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 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 […]