Founded in 2008 in the Kingdom of Saudi Arabia, Saudi Reinsurance Company (Saudi Re) has grown exponentially to become the leading reinsurance firm in the MENA region and a significant player across Asian and emerging markets. From its inception, Saudi Re has been driven by a clear ambition: to deliver reliable, innovative, and world-class reinsurance solutions that support insurers and foster sustainable economic growth. Today, while proud of its achievements, the Company views this success as only the beginning of a broader global journey.

Saudi Re benefits from its strong presence in Saudi Arabia, one of the world’s top 20 economies and among the fastest-growing insurance markets globally. The Company’s paid-up capital stands at SAR 1.698 billion, reflecting its solid financial foundation. It holds a Financial Strength Rating of A- from Standard & Poor’s and A2 with a positive outlook from Moody’s, underscoring its underwriting discipline, prudent risk management, and financial resilience.

Operating across more than 40 markets in the Middle East, Asia, Africa, and the Lloyd’s market in the United Kingdom, Saudi Re provides comprehensive reinsurance solutions across diverse lines of business. Its value proposition is anchored in a strong financial position, deep local market knowledge combined with global reach, a client-focused approach, and an experienced, talented team committed to long-term partnerships.

Looking ahead, Saudi Re has developed a comprehensive Strategy Towards 2028 with a clear vision: to evolve into a diverse and strong top 50 global reinsurer, contributing meaningfully to the growth of the Kingdom’s economy. This strategy reflects the evolution of the local (re)insurance landscape, regulatory developments, global market consolidation trends, national strategic priorities, and the imperative to build sustainable shareholder value.

A key milestone in this journey was the acquisition of a 23.08% stake by the Public Investment Fund (PIF), finalized in January 2025 through a capital increase and subscription to new shares. This strategic investment enhances Saudi Re’s financial strength, underwriting capacity, and credit profile, reinforcing its role as a national champion. With a strengthened capital base and clear strategic direction, Saudi Re is well positioned to support the growing reinsurance needs of the Kingdom and expand its global footprint in the years ahead.

MR. Abdulatif Al-Fozan (Chairman of The Board)

MR. Turki Al-Sudairy (Vice Chairman of The Board)

MR. Abdulrahman Al-Jalal (Member of The Board)

MR. Abdulaziz Al-Bassam (Member of The Board)

MR. Waleed Al-Monie (Member of The Board)

MR. Fahad Al-Jomaih (Member of The Board)

MR. Mohammed Al-Sudairy (Member of The Board)

ENG. Hussam Al-Suwailem (Member of The Board)

MR. Abdulaziz Al-Shiekh (Member of The Board)

MS. Kubra Radhi (Member of The Board)

MR. Chris Fischer Hirs (Member of The Board)

Head Office

4130 Northern Ring Road, Frontage Road

Al Wadi District, Riyadh 6684

Kingdom of Saudi Arabia

Phone: +966 560229208

Email: rsampat@saudi-re.com

www.saudire.net