Saudi Reinsurance Company “Saudi Re” announced the appointment of Ahmed Al-Jabr as its new Chief Executive Officer, effective October 1st, 2024. Al-Jabr, who has been with Saudi Re since 2011, previously held the position of Chief Operations Officer before being promoted to the role of Deputy CEO. Subsequently, he was appointed as the Acting CEO earlier this year.  With over 25 years of diverse experience in the insurance and reinsurance sectors, Al-Jabr brings a wealth of expertise having served in various executive roles in operations, strategy management, business development and others. He holds a Master’s degree in Business Administration from the University of Bradford in the United Kingdom. Saudi Re is a leading reinsurance company in the Middle East region, with operations spanning more than 40 markets. The company holds an ‘A-‘ rating from Standard & Poor’s and an ‘A3’ rating from Moody’s. In the first half of the current year, Saudi Re grew by 19% reporting gross written premiums of SAR 1.4 billion, and focusses on executing its Strategy Towards 2028 with the aim of reinforcing its competitive position and sustaining its profitable growth momentum domestically and internationally.

Saudi Re has appointed its Sharia Board effective May, 2011. The appointment of the Sharia Board comes to further support Saudi Re direction in preserving the Cooperative Reinsurance in its operations

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 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 is pleased to announce the completion of transaction and the consequent acquisition of 49.9% of the ordinary shares of PHBL.

 

Announcement on Tadawul

Saudi Re is pleased to announce the completion of transaction and the consequent acquisition of 49.9% of the ordinary shares of PHBL. Announcement on Tadawul