Press Release

Saudi Re Appoints new Board of Directors

Saudi Re announce the approval on the election of members of the Board of Directors for a period of three years for the period from 11/05/2020 to 10/05/2023, and their names are:

Mr.Hisham Abdulmalik Al-Shaikh

Mr. Fahad Abdulrahman Al-Hesni

Dr. Peter F. Hugger

Mr. Ahmed Sabbagh

Mr. Marc Maupoux

Mr. Meshari Al Hussain

Mr.Jean-Luc Gourgeon

Mr.Mohammad Al Otaibi

Eng.Hussam Alsuwailem

Saudi Re receives Sharia certification from Shariyah Review Bureau

Saudi Re announces that it has received the annual Shariyah Audit Report for 2019 from its Shariyah Advisor i.e. Shariyah Review Bureau (SRB) on 16/04/2020, which confirmed that Saudi Re has complied with their Shariyah criteria standards.

Saudi Re Announces Maintaining an AA+ Insurance Financial Strength Rating (IFSR) By SIMAH's Credit Rating Agency (Tassnief)

Saudi Re is pleased to announce that it has maintained an AA+ Insurance Financial Strength Rating (IFSR) by SIMAH's Credit Rating Agency, Tassnief, with a stable outlook



According to the report issued by (Tassnief), on 5th Nov. 2019, the rating of Saudi Re reflects its strong financial profile supported by its strong capitalization, with solvency levels of the company well above the requirement. It also incorporates the strength of the business profile having a well-established franchise in the key targeted markets that the company operates in, as well as the improved level of diversification for the international business, and a well-diversified GPW mix among the major lines of business. Furthermore, the report noted the strong governance framework, experienced management team, and sound financial profile and investment strategy. The rating also reflects the improvement in profitability and scale of the company that has been built over the years.

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