15 Years of Progress

Standing tall and steadfast, Saudi Re has cultivated a legacy rooted in trust and unwavering stability over an illustrious 15-year journey. Just as a tree’s foundation is nurtured by years of resilience, our growth has been fortified by a sound framework, allowing us to navigate the challenges of our industry and emerge even stronger. Like branches outstretched towards new horizons and opportunities, Saudi Re reaches new heights through expansion, partnership, and innovation. Amidst this growth, we remain deeply anchored to our core values, serving as a beacon of reliability in an ever-evolving landscape. With each passing year, we continue to grow, evolve, and adapt, positioning ourselves not only as leaders in our domain but also poised and ready for a promising future.

Chairman's
Statement

Continuation of the profit pace by achieving SR 124.4 million, an increase of 64%.

Read More

Chief Executive Officer's Review

Our refreshed strategic direction, Strategy Towards 2028, will strengthen Saudi Re’s position as a leading reinsurer in the Middle East.

Read More

Who We Are

VALUE DRIVERS: 2023 AT A GLANCE

NET PROFIT

2023

SR million

2022 – SR 76.05 million

TOTAL ASSETS

2023

SR million

2022 – SR 2,256 million

INTERNATIONAL BUSINESS

2023

%

2022 – 44%

COUNTRIES IN OPERATION

2023

+

2022 – 40+

SHAREHOLDERS’ EQUITY

2023

SR million

2022 – SR 1,017 million

EARNINGS PER SHARE

2023

SR

2022 – SR 0.85

ROE

2023

%

2022 – 7.96%

CREDIT RATINGS

A - S&P & A3 Moody’s

Read More

OUR MARKET PRESENCE

REINSURANCE REVENUE GEOGRAPHICAL DIVERSIFICATION (SR '000)

Read More