Category: Uncategorized

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 […]

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 Reinsurance Company invites 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: […]

Agreement between «Saudi Re» and «BIBF» for the training and employment of Saudi graduates

The Saudi Reinsurance Company (Saudi Re) announced the appointment of the Bahrain Institute for Banking and  Finance (BIBF) to lead the development of the Future Leaders Programme 2023 launched by Saudi Re, to train and employ Saudi graduates with a BA or MA degrees. The programme aims to empower graduates to become among the next […]

Saudi Re 2022 profits rise by 6.4%, with premiums exceeding 1.4 billion SAR with an increase of 26%

 The Saudi Reinsurance Company (Saudi Re) has announced the annual financial results ending on 31 December 2022, noting that net profit before Zakat rose to 56.7 million SAR compared to 53.3 million SAR last year, with an increase of 6.4 percent. The Company’s 2022 results also recorded a rise in its sales by 26 percent, […]

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

Saudi Reinsurance Company “Saudi Re” Announces Calling Candidature for Board Members Elections for the upcoming term

Saudi Reinsurance Company (Saudi Re) announces to its shareholders the opening of the nomination for membership of the Board of Directors of the company for the next three-year period beginning on 21/10/1444 H corresponding to 11/05/2023 and ending on 23/11/1447 H corresponding to 10/05/2026. for those who have the conditions and qualifications of membership system […]

S&P Assigns A- Rating to Saudi Re with a Stable Outlook

Saudi Reinsurance Company “Saudi Re” announced obtaining ‘A-‘ long-term issuer credit and insurer financial strength rating and ‘gcAAA’ regional scale rating from S&P Global Ratings, with a stable outlook.   S&P highlighted that Saudi Re has continued to strengthen its competitive position via profitable business growth and diversification in recent years, thanks to local and […]

Moody’s Affirms Saudi Re’s IFSR at A3 with Stable Outlook

Saudi Reinsurance Company (Saudi Re) announced that Moody’s Investors Service, a global credit rating agency, has affirmed its A3 Insurance Financial Strength Rating (IFSR) and A1.sa national scale IFSR with a Stable Outlook. In a statement to the Saudi Exchange (Tadawul), Saudi Re said that the ratings confirm its strong brand and market position in […]