- SAUDIRE

Saudi Stock Exchange (Kingdom of Saudi Arabia)
46 Last Update 03/04/2025 14:01 KSA
Negative
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Quotes

  • :48
  • :45.6
  • ('000):89,100
  • ( '000):4,098,600
  • :1.05


  • 613,592
  • :0
  • :
  • 52-W L52-W H
    46
    2464.9
  • 29.12%
  • 91.67%


  • 2,441

  • ():

    28,626,696.65
  • ():63,559,949
  • :0.45
  • Performance Comparison

At a Glance

Activities

The Saudi Cooperative Reinsurance Company "Re" is a public joint stock company established in 2008 to be the first reinsurance company in the Kingdom of Saudi Arabia. Saudi Re operates entirely in accordance with the cooperative insurance system and is licensed by the Insurance Authority. The company has a credit rating of A- with a stable outlook by Standard & Poor's, which reflects the level of capital adequacy and the excellence of the company's competitive position in addition to the company's success in diversification thanks to expansion in local and global markets. It also has a financial strength rating of A3 with a stable outlook from Moody's, which reflects the company's strong asset quality, capital adequacy and strong financial flexibility, in addition to the company's strong market position and brand. The company is led by a team of experts who's main goal is always the customer's satisfaction. Saudi Reinsurance Company is a company licensed under TMN/20087/17 and subject to the control and supervision of the Insurance Authority. The company aims to build a reinsurance company in the MENA region that is innovative and technically superior and that will become a regional leader. Saudi Re also aspires to increase the effectiveness of its presence and regional impact with the aim of launching internationally in markets with profitable opportunities. Saudi Re's capital is 891 million Saudi riyals (237.6 million US dollars), which is four times the minimum capital requirements in the Kingdom of Saudi Arabia. In March 2024, Saudi Re announced the appointment of Mr. Ahmed Al-Jabr as the Acting CEO. Being the only homegrown reinsurer, Saudi Re is fully committed towards clients and the market as a whole. Saudi Re enjoys professional relationships with almost all active insurance companies in Saudi Arabia. Saudi Re is exempt from withholding tax which is an advantage when dealing with a domestic reinsurer. Also, the close proximity and specific knowledge in the local risk profile are key factors which make Saudi Re a reinsurer of choice.

Board of Directors:

  • Chairman:
    Abdullatif A. Al-Fawzan
  • Vice-chairman:
    Turki S. Al-Sudairy
  • CEO:
    Ahmad A. Al-Jabr
  • Board Members:

    Abdulaziz A. Al Al-Sheikh

    Abdulaziz A. Al-Bassam

    Abdurrahman I. Al-Jalal

    Ahmad M. Al-Sabbagh

    Eng. Husam B. Al-Suwailem

    Kubra G. Radhi

    Mousa A. Akrash

    Waleed A. Al-Manea

  • Auditors:

    KPMG Al Fozan & Co.

    Dr. Mohammad Al Amri & Co.

Senior Management

CFO

Waleed Bin Ateeq

Chief Underwriting Officer

Ahmad Al-Qarishi

Chief Investment Officer

Fadi Al-Qutub

Chief Actuary

Dana Barhoumeh

News

CMA approves Saudi Re request to reduce its share capital (Press Release - 09/11/2017)

The CMA has issued its resolution approving Saudi Re for Cooperative Reinsurance Company's request ...

Read More ...

Saudi Re completed acquisition of 49.9% of Probitas Holdings (Bermuda) (Tadawul - 08/10/2017)

Following announcement on 01-10-2017, with regards to the Shareholder Agreement signed with Probitas ...

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Saudi Re is pleased to announce that Lloyd's has granted approvals (Tadawul - 27/09/2017)

Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder ...

Read More ...

Read More ...

Recent Profit / Loss Announcements

Announced On Period As Of Net Profit (SAR Mil) Growth (%)
16/03/2025 12-Month 31/12/2024 475 281.59
31/10/2024 9-Month 30/09/2024 475 351.32
26/09/2024 12-Month 31/12/2023 124 63.61
04/08/2024 6-Month 30/06/2024 75 5.79
09/05/2024 3-Month 31/03/2024 32 183.86
Contact Details

Related GCC Companies (Insurance)

Market Cap
US$ Mil		 Last Price
Local Cry		 Price Change (%)
1 Day		 Price Change (%)
1 Year		 P/E TTM P/B MRQ Dividend Yield (%) Beta ROA (%) ROE (%)
BUPAARABIA 7,059.59 174.4 -1.25 -9.74 22.72 6.3 0 0.88 7.41 26.44
TAWUNIYA 5,700.44 136 -4.63 25.44 22.66 5.94 0 1.09 5.66 23.76
ALRAJHITAKAFUL 3,768.31 142.8 0.99 171.63 36.03 10.2 0 1.1 4.63 29.95
RASAN 1,654.44 81.3 -0.74 0 95.67 0 0 0 0 0
QATI 1,654.21 1.84 -1.08 -5.42 8.37 0.05 2.99 1.1 1.2 5.21
GINS 1,163.73 1,250 0 -38.39 0 2.78 4.2 0.07 1.74 11.49
SAUDIRE 1,144.52 46 -4.57 158.2 8.69 5.91 0 1.05 2.32 7.74
ADNIC 983.68 6.34 0 0 8.67 1.23 0 0.24 3.55 12.47
MEDGULF 624.57 21.88 -1.98 93.01 14.66 1.89 0 1 -10.34 -92.54
AINS 593.67 875 4.79 24.03 0 1.51 6.62 0.13 3.79 9.34
SUKOON 465.17 3.7 0 0 6.43 0.87 0 0.08 1.06 4.17
WALAA 458.35 19.84 -1.88 16.16 13.27 1.48 0 1.13 7.93 25.35
ARABIANSHIELD 378.62 17.98 1.01 14.56 17.15 0.97 0 1.09 8.66 27.25
KUWAITRE 368.28 393 0 13.99 0 1.39 5.21 -0.01 3.72 9.79
QISI 363.52 8.36 -6.07 0.18 9.29 0.39 6.88 0.57 7.35 18.57
DIN 351.14 12.9 0 71.81 10.87 2.78 0 -0.1 2.56 6.85
CHUBB 350.98 42.4 -3.42 49.72 67.81 3.54 0 1.13 5.57 13.53
KINS 345 569 0 31.11 0 1.5 9.01 0.06 4.28 10.42
DOHI 328.12 2.4 -0.42 -0.85 6.33 0.12 5.82 0.22 4.18 7.55
GIG 325 27.35 0.92 1.4 18.72 2.29 0 1.14 2.46 9.86
LIVA.MSM 309.82 0.27 -10 -4.48 0 0 0 0.08 0 0
EIC.ADX 304.18 7.95 6.71 0 0 0.96 8.33 0.03 4.16 9.85
QGRI 271.64 1.06 -7.02 6.7 34.44 0.01 5.06 0.3 0.68 1.06
JAZIRATKFL 265.24 14.64 -2.92 2.97 27.66 1.38 0 1.11 5.1 7.97
NGI 257.72 5.4 -5.93 3.13 7.8 1.9 0 0 2.65 7.28
MUTAKAMELA 246.89 15.1 -2.21 5.66 61.08 1.27 0 1.06 1.46 12.2
WATANIYA 236.65 21.8 -1.81 32.04 8.7 2.09 0 1.05 5.82 24.29
AWNIC 223.13 3.96 0 0 -12.72 0.98 0 0.06 4.05 6.88
ARIG 211.2 0.96 0 0 8.38 0.82 10.1 0.03 0.86 3.8
BEMA 208.04 3.82 0 2.79 9.03 0 0 0 0 0
ALETIHAD 203.61 15 -1.84 0 9.56 0 0 0 0 0
MALATHINSURANCE 188.95 13.94 -1.7 3.21 27.33 6.47 0 1.07 -0.49 -5.25
QLMI 188.7 1.9 -4.05 -9.11 10.65 0 0 0 0 0
GULFUNIONALAHLIA 184.93 14.98 -0.93 15.54 9.35 1.45 0 1.06 4.41 16.62
ABNIC 183.74 2.7 0 0 0 1.04 0 -0.07 2.19 6.02
AICC 181.92 13.04 1.24 -5.74 15.22 1.34 0 0.99 2.15 6.89
LIVA 167.79 15.44 -1.91 -7.72 22 1.77 0 1.12 4.74 10.5
TKFL 167.77 5.3 -9.72 0 5.81 1.95 4 -0.14 5.39 16.79
AKHI 160.57 2.29 -0.87 -14.62 7.79 0.12 4.88 0.36 1.13 2.27
BURUJ 149.35 18.46 -1.18 12.39 40.91 1.22 0 1.1 10.12 31.24
BNH 143.85 0.48 0 0 10.28 1.12 3.88 0.04 4.3 7.72
DHAFRA 132.29 4.86 0 0 10.4 1.45 0 -0.08 3.14 10.13
BKIC 128.38 0.34 0 0 10.12 0.71 6.12 -0.08 1.42 7.42
SAICO 125.84 15.64 -0.64 24.68 9.69 1.19 0 1.06 3.42 14.39
ALSAGRINSURANCE 123.76 15.06 -2.72 22.66 16.37 0.82 0 1.08 1.22 2.93
ALAIN 122.49 30 0 0 0 0.39 3.33 -0.04 0.89 4.23
DNIR 120.41 3.83 0 -16.44 10.16 0.89 0 0.03 5.66 10.02
ACIG 111.21 14.82 3.34 25.26 8.72 2.1 0 1.01 2.02 7.98
AMANAINSURANCE 111.16 9.39 -3.2 -1.2 52.07 1.06 0 1.24 2.44 8.65
RAKNIC 108.94 3.3 0 0 0 1.51 0 -0.02 4.14 13.97
ALLIANCE 106.16 390 0 0 0 0.85 0 0 3.59 10.4
SALAMA.DFM 99.74 0.39 0 -8.73 -2.62 0.65 0 1.05 1.35 6.71
UCA 97.11 8.83 -3.08 22.99 18.44 1 0 0.99 4.36 15.87
BKIKWT 93.61 191 0 0 0 0 0 -0.04 0 0
ORIENT 90.23 66.3 0 0 0.51 0.14 0 0 5.28 14.46
WINSRE 87.2 154 0 50.93 0 0.64 16.34 0.33 -4.25 -8.4
SALAMA 84.96 15.56 -2.39 0 13.39 1.65 0 1.12 6.59 24.57
ORIC 77.18 0.09 0 0 14.06 0 0 0 0 0
AFNIC 76.08 210 0 0 0 0.99 0 0 5.59 12.64
GULFGENERAL 72.83 8.92 -2.09 5.44 -26.65 0.88 0 1.21 4.81 12.27
FIDELITYUNITED 69.68 1.6 0 0 0 1.7 0 0 0.3 0.92
ENAYA 65.46 10.48 -1.88 -13.64 -14.75 1.33 0 1.21 -3.77 -8.59
SUKOONTAKAFL 64.97 1.55 0 -65.38 11.45 0.8 0 0.03 4.03 8.06
DICS 64.31 0.22 0 9.52 5.76 2.69 0 0.13 -1.1 -7.19
FTI 63.3 173 -4.42 -31.06 0 1.57 0 0.01 13.45 19.88
SICO 61.76 1.65 0 0 0 1.04 0 0.01 10.26 17.29
OUIC 59.63 0.23 0 0 9.91 0.82 0 1.22 2.72 10.66
OQIC 57.03 0.22 0 16.04 16.79 0 0 0.04 0 0
TAKAFULEM 54.71 1.28 -4.48 136.18 4.52 1.22 0 0.39 0.52 3.98
UNION 54.05 0.6 0 0 0 0.65 0 0.14 0.48 2.86
SOLID 53.92 0.33 0 0 7.62 1.56 0 0.03 -2.03 -5
WATANIA 48.15 0.67 -1.48 0 6.18 0 0 0.68 0 0
ASNIC 41.32 0.66 0 -0.45 -1.76 0.34 0 0.04 0.54 1.41
AMAT 36.29 0.08 0 -6.67 8.42 0.57 0 1 1.24 9.37
AFIC 32.14 0.12 0 0 7.84 0 0 0.14 0 0
IH 27.48 0.85 0 0 0 1.17 0 -0.01 1.61 4.72
METHAQ 26.54 0.65 0 0 0 1.27 0 0.45 3.1 20.9
AMAN 22.12 0.36 0 -18.09 -3.58 1.05 0 0.53 -1.23 -19.5
TAKAFUL 18.15 0.11 0 -6.25 6.11 1.06 0 0.1 0.52 3.12
TAOI 16.59 0.04 0 0 10 0.26 0 0.24 8.15 13.81
MCTI 14.58 0.51 0 -13.51 34 0.31 0 0.04 2.57 8.13
WETHAQ 14.43 38.9 -2.51 67.72 0 0.38 0 0.29 3.29 3.31
AKIC 6.53 0.24 0 0 -0.41 0.68 0 -0.03 -19.63 -93.13
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