

Press Release
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 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.