Saudi Reinsurance Co. (8200)

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% …

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 …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) named Abdulltaif Al Fouzan as the new Chairman of the board for the coming three years. The Tadawul-listed firm also named Turki Al Sudairy as the Vice Chairman, according to a bourse …

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) generated net profits before Zakat worth SAR 56.74 million in 2022, an annual increase of 6.43% from SAR 53.31 million. The earnings per share (EPS) stood at SAR 0.47 last year, compared to …

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) penned reinsurance deals with Probitas Corporate Capital Limited at an estimated gross written premium of SAR 194.40 million. The agreements, which were signed on 30 November 2022, hold a …

Riyadh – Mubasher: The net profit before Zakat of Saudi Reinsurance Company (Saudi Re) reached SAR 49.68 million in the first nine months (9M) of 2022, a 3.73% rise from SAR 47.89 million in 9M-21. Earnings per share (EPS) inched up to SAR 0.44 in …

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) posted a 61.64% year-on-year (YoY) plunge in net profit before Zakat to SAR 13.99 million during the first half (H1) of 2022, versus SAR 36.47 million. The earnings per share (EPS) plummeted …

Riyadh – Mubasher: Moody's Investors Service (Moody's) has affirmed the A3 Insurance Financial Strength Rating (IFSR) and the A1.sa national scale IFSR of Saudi Reinsurance Company (Saudi Re), with a stable outlook. Affirming the company's ratings …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) has agreed to increase Saudi Reinsurance Company’s (Saudi Re) capital to SAR 1.33 billion from SAR 891 million through a rights issue. SAMA granted its approval for the capital hike’s proposal on 25 …

Riyadh – Mubasher: The net profits before Zakat of Saudi Reinsurance Company (Saudi Re) rose by 3.95% to SAR 19.58 million in the first quarter (Q1) of 2022, compared to AED 18.83 million in the year-ago period. The company's net written premiums …

Riyadh – Mubasher: The board of Saudi Reinsurance Company (Saudi Re) has suggested to increase the company's capital through a SAR 445.50 million rights issue. The recommendation comes in line with Saudi Re’s objective to strengthen its capital …

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has logged net profits before Zakat worth SAR 53.31 million last year, a plunge of 12.15% from SAR 60.69 million in 2020. The earnings per share (EPS) declined to SAR 0.43 in 2021 from SAR …

Riyadh – Mubasher: Moody's Investors has affirmed the insurance financial strength rating (IFSR) of Saudi Reinsurance Company (Saudi Re) at 'A3', with a stable outlook. The rating reflects the company's strong market position as the only …

Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) announced a 36.5% year-on-year (YoY) increase in net profits before Zakat to SAR 47.89 million during the first nine months of 2021, compared to SAR 35.07 million. Earnings per share went up …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company recorded a rise of 88.8% in net profits before Zakat to SAR 36.47 million in the January-June 2021 period, compared to SAR 19.31 million in the same six months last year. Earnings per …

Riyadh – Mubasher: The shareholders of Saudi Re for Cooperative Reinsurance Co approved the board’s recommendation to increase the capital by 10% or SAR 81 million through bonus shares, according to a bourse filing on Thursday. The new capital …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company obtained on 13 April the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 81 million, according to a disclosure to Tadawul on Wednesday. Saudi Re will raise the …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company signed a one-year medical quota share reinsurance contract with the Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) effective from 1 January 2021. The contract …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company on Tuesday signed reinsurance contracts with Probitas Corporate Capital Ltd for one year effective from 1 January 2021. Total gross written premiums (GWP) from the contracts are …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company said that Simah Rating Agency (Tassnief) has maintained its insurance financial strength rating (IFSR) at ‘AA+’, with a stable outlook. The rating captures Saudi Re’s strong brand …

Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company has signed an exclusive agreement with Malath Cooperative Insurance Company to provide reinsurance coverage on the Inherent Defects Coinsurance Programme managed by Malath on behalf …