Saudi Reinsurance Co. (8200)

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News

14 July 12:36 PM Saudi Re to acquire 22.5% stake in UK-based AdA Risk Holding

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) received a non-objection from the Insurance Authority on 13 July 2026 to proceed with the acquisition of a strategic 22.50% stake in AdA Risk Holding Company Limited. The transaction, valued …

Mergers and Acquisitions

21 June 02:58 PM Saudi Re announces audit committee for current board term

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has announced the formal establishment of its Audit Committee following the receipt of a non-objection letter from the Insurance Authority on 18 June. The formation of the committee, which …

Banking and Finance

31 May 12:37 PM Saudi Re appoints Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has announced the formal appointment of its Chairman and Vice Chairman for the new four-year board term, according to a bourse disclosure. Following the receipt of a no-objection notification …

Banking and Finance

30 April 04:26 PM Saudi Re records higher financial results in Q1-26 on business growth

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) achieved a 31.96% increase in net profit after Zakat at SAR 46.72 million during the first quarter (Q1) of 2026. The results were compared to a net income of SAR 35.40 million in Q1-25, …

Financial Results

26 February 12:04 PM Saudi Re reports 70.5% lower net profits in 2025

Riyadh - Mubasher: The net profits after Zakat attributable to shareholders of Saudi Reinsurance Company (Saudi Re) hit SAR 140.04 million in 2025. The annual earnings were lower by 70.50% year-on-year (YoY) than SAR 474.81 million, according to …

Banking and Finance

19 January 09:12 AM Saudi Re obtains regulatory approval to open branch in India

Riyadh - Mubasher: Saudi Reinsurance Company (Saudi Re) has obtained the approvals of the Saudi Insurance Authority and the relevant Indian authorities to open a branch in Gujarat International Finance Tec-City (GIFT City) in India. Saudi Re has …

Companies Investments

30 October 2025 02:00 PM Saudi Re's net profits near SAR 119m in 9M-25

Riyadh - Mubasher: Saudi Reinsurance Company (Saudi Re) delivered net profits after Zakat attributable to shareholders of SAR 118.76 million in the first nine months (9M) of 2025. The generated profits were lower by 74.99% than SAR 474.95 million …

Banking and Finance

10 September 2025 10:29 AM CMA greenlights CHUBB Arabia, Saudi Re’s capital raise

Riyadh - Mubasher: The Capital Market Authority (CMA) has approved capital hikes for two Saudi insurers, according to two separate bourse disclosures. CHUBB Arabia Cooperative Insurance Company will raise its capital to SAR 400 million from SAR …

Management Decisions

6 August 2025 00:45 PM Saudi Re posts 17% higher profits in H1-25; revenues cross SAR 738m

Riyadh - Mubasher: Saudi Reinsurance Company (Saudi Re) generated net profits after Zakat attributable to shareholders worth SAR 87.99 million in the first half (H1) of 2025, up 16.89% year-on-year (YoY) from SAR 75.27 million. Insurance revenues …

Banking and Finance

11 May 2025 07:40 PM Saudi Re registers nearly SAR 35.5m net profits in Q1-25

Riyadh - Mubasher: Saudi Reinsurance Company (Saudi Re) logged 11.37% higher net profits after Zakat attributable to the shareholders valued at SAR 35.40 million in the first quarter (Q1) of 2025, compared with SAR 31.79 million in Q1-24. The …

Financial Results

16 March 2025 01:05 PM Saudi Re’s profits leap 281.5% in 2024; capital hike proposed

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) recorded 281.59% year-on-year (YoY) higher net profits attributable to the shareholders at SAR 474.81 million in 2024, versus SAR 124.42 million. Insurance revenues surged by 80.16% to SAR …

Financial Results

13 January 2025 05:11 PM PIF acquires 23% shareholding in MENA-focused Saudi Re

Riyadh – Mubasher: The Public Investment Fund (PIF) has acquired a 23.08% stake in Saudi Reinsurance Company (Saudi Re) by way of a capital increase and subscription to new shares, according to a press release. PIF’s capital investment aims to …

Global Economy

30 December 2024 11:48 AM Saudi Re, Walaa Cooperative collaborate to back PIF’s development companies

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) penned a reinsurance contract for surety insurance bonds coinsurance programme with Walaa Cooperative Insurance Company. The two entities inked the agreement on 29 December 2024, according to …

Companies Investments

26 November 2024 00:04 PM CMA greenlights Saudi Re’s capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Saudi Reinsurance Company (Saudi Re) to increase its capital through the issuance of shares with the suspension of preemptive rights. Saudi Re will raise its capital by …

Management Decisions

7 October 2024 07:18 PM Al Jabr becomes Saudi Re new CEO upon Insurance Authority’s non-objection

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has appointed Ahmed Ali Al Jabr as its CEO after it received the Insurance Authority’s (IA) non-objection on 30 September 2024. Al Jabr’s appointment became effective on 1 October this year, …

Corporate Actions

5 August 2024 02:26 PM Saudi Re’s profits cross SAR 75m in H1-24 initial financials

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) logged net profits after Zakat attributable to the shareholders worth SAR 75.27 million in the first half (H1) of 2024, an annual rise of 5.78% from SAR 71.16 million. Earnings per share …

Financial Results

10 July 2024 01:11 PM Saudi Re completes procedures to exit UK’s Probitas; Aviva seals GBP 249m acquisition

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has announced the completion of all procedures to conclude selling its entire 49.90% equity in the UK-based Probitas Holdings (Bermuda) Limited (PHBL) and its subsidiaries. Saudi Re exited …

Mergers and Acquisitions

7 July 2024 02:28 PM PIF pens SAR 427m deal to raise stake in Saudi Re to over 23%

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …

Board of Directors

9 May 2024 10:59 AM Saudi Re generates 184% leap in Q1-24 net profits

Riyadh – Mubasher: The net profits after Zakat attributable to the owners of Saudi Reinsurance Company (Saudi Re) hit SAR 31.79 million in the first quarter (Q1) of 2024. The quarterly net profits jumped by 183.87% from SAR 11.19 million in Q1-23, …

Banking and Finance

27 March 2024 00:44 PM Saudi Re’s net profit leaps 64% YoY in 2023

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) recorded a 63.61% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders of SAR 124.42 million in 2023 from SAR 76.05 million. Insurance revenues declined by 10.02% …

Banking and Finance

24 March 2024 04:57 PM Saudi Re appoints Al Jabr as Acting CEO

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has named Ahmed Ali Al Jabr as its Acting CEO, effective on 1 April 2024. The board members greenlighted the appointments on 15 March 2024, while the insurance authority granted its approval …

Banking and Finance

4 March 2024 02:15 PM Saudi Re pens agreement to sell GBP 120m stake in Probitas Holdings

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed an agreement to sell its entire stake in insurance and reinsurance company Probitas Holdings (Bermuda) Limited and its subsidiary, which amounts to 49.90%, to Aviva Insurance …

Banking and Finance

7 November 2023 11:56 AM Saudi Re’s profits hike to SAR 121.5m in 9M-23

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) logged net profits before Zakat worth SAR 121.50 million in the first nine months (9M) of 2023, an annual leap of 55.09% from SAR 78.34 million. Earnings per share (EPS) hit SAR 1.18 as of 30 …

Banking and Finance

16 August 2023 00:53 PM Saudi Re records 135% annual leap in H1-23 net profit

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) witnessed a 134.83% year-on-year (YoY) growth in net profit before Zakat to SAR 81.92 million during the first half (H1) of 2023 when compared with SAR 34.88 million. The earnings per share …

Financial Results

21 June 2023 00:41 PM Saudi Re’s profits plunge 46% in Q1-23 initial financials

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) posted 46.12% lower net profits before Zakat at SAR 15.91 million in the first quarter (Q1) of 2023, versus SAR 29.53 million in Q1-22. Gross written premiums (GWP) hiked by 78.87% to SAR …

Financial Results