Saudi Reinsurance Company Announces The significant development of signing off a memorandum of understanding with Probitas Holdings (Bermuda) Limited (PHBL) to purchase 49.9% of the shares of PHBL
Reference the announcement on 13th of July 2017, Saudi Re would like to announce the completion of the due diligence, and that the exclusivity agreement period has been extended to 27th of July 2017 to finalize the definitive transaction documents.
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