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Saudi Re sells its entire stake in Probitas Holding for $158mSaudi Reinsurance Company (Saudi Re) has announced that it has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings (Bermuda) to Aviva Insurance Limited for £123 million ($158 million). More… |
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Saudi Re sells its entire stake in Probitas Holding for $158mSaudi Reinsurance Company (Saudi Re) has announced that it has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings (Bermuda) to Aviva Insurance Limited for £123 million ($158 million). More… |
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Saudi Re Year 2022 net rises 6.4pc; premiums total $372.6mThe Saudi Reinsurance Company (Saudi Re) has seen its 2022 net profit before Zakat rise to $15 million compared to $14.19 million in 2021, an increase of 6.4%. The company’s 2022 results also showed More… |
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Saudi Re wins ‘Reinsurance Company of the Year’ awardThe Saudi Reinsurance Company (Saudi Re) has won the ‘Reinsurance Company of the Year’ award at the prestigious 10th Middle East Insurance Industry Awards. The award ceremony was hosted by Men More… |
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Saudi Re eyes $356m capital boost through IPOSaudi Reinsurance Company (Saudi Re) has announced that its board has recommended an increase in capital through a SR445.5 million ($118.7 million) rights issue. Saudi Re, which is listed on the Saudi Exc More… |
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Saudi Re to hike capital with 1:10 bonus share issueSaudi Reinsurance Company (Saudi Re), a leading reinsurance company in the Mena region, said it will increase the company’s capital through 10% bonus share distribution, granting one share for each 10 owned-shares. Saudi Re More… |
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Saudi Re receives Sharia certification from SRBSaudi Reinsurance Company (Saudi Re), the sole reinsurance company in the Kingdom of Saudi Arabia, announced receiving the Sharia certificate for its offerings from Shariyah Review Bureau (SRB). With a solid financial base o More… |
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Saudi Re strengthens board with key appointmentsSaudi Reinsurance Company (Saudi Re) has appointed two seasoned reinsurance professionals - Dr Peter Hugger and Mr Marc Maipoux - to its board of directors for a three-year term starting 2020. Dr Hugger h More… |
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Saudi Re H1 net profit before Zakat rises 203pcSaudi Reinsurance Company (Saudi Re) has recorded a net profit before Zakat of SR42.6 million ($11.35 million) in the first half (H1) of 2019, an increase of 203 per cent from SR14 million in the same period last year. The Company More… |
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Saudi Re sponsors Saudi Insurance SymposiumSaudi Re Reinsurance Company (Saudi Re), a leading reinsurance company in Saudi Arabia, said it will participate as a platinum sponsor of the upcoming 5th Saudi Insurance Symposium, the largest event for Saudi insurance companies in Riyadh. More… |
