Saudi Re Receives Insurance Authority (IA) Approval to Increase Capital to SR 1,336.5 Million

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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 capital increase process

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