Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has completed the acquisition of a 22.50% strategic stake in AdA Risk Holding Co Limited.

The transaction, valued at GBP 8.95 million, was finalized on a fully diluted basis following the receipt of a non-objection from the Insurance Authority on 13 July 2026.

Based in the UK, AdA Risk Holding Co Limited maintains the operational rights for Syndicate 2024 within the Lloyd’s of London insurance market.

The completion of this deal follows a prior regulatory update disclosed by the company on 14 July 2026.

Saudi Re confirmed that all procedures related to the transfer of the stake have been concluded.

The company stated there are no additional costs associated with the finalization of the event beyond those previously disclosed, and the transaction is expected to strengthen its international presence within the specialized UK insurance sector.