- SAUDIRE

Saudi Stock Exchange (Kingdom of Saudi Arabia)
47 Last Update 02/03/2025 19:31 KSA
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Quotes

  • :50.8
  • :46.8
  • ('000):89,100
  • (SAR '000):4,187,700
  • :1.05


  • 907,158
  • :0
  • :
  • 52-W L52-W H
    47
    2464.9
  • 27.58%
  • 95.83%


  • 3,433

  • (SAR):

    43,749,731.85
  • (SAR):82,810,091
  • :0.53
  • 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 (%)
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
06/11/2023 9-Month 30/09/2023 122 78.77
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 6,811.74 167.8 -1.53 -9.74 21.92 6.08 0 0.88 7.41 26.44
TAWUNIYA 5,780.39 144.4 -0.14 25.44 22.98 6.03 0 1.09 5.66 23.76
ALRAJHITAKAFUL 4,450.55 163.6 -2.04 171.63 42.56 12.04 0 1.1 4.63 29.95
RASAN 1,723.12 83.3 -2.35 0 99.64 0 0 0 0 0
SAUDIRE 1,196.76 47 -6.75 158.2 9.09 6.18 0 1.05 2.32 7.74
ADNIC 1,031.77 6.63 -0.31 0 9.09 1.3 0 0.24 3.55 12.47
MEDGULF 733.14 24.8 -5.35 93.01 17.2 2.21 0 1 -10.34 -92.54
WALAA 536.78 23.2 -2.03 16.16 15.53 1.73 0 1.13 7.93 25.35
SUKOON 465.17 3.7 0 0 6.43 0.87 0 0.08 1.06 4.17
ARABIANSHIELD 425.41 19.96 -0.2 14.56 19.27 1.09 0 1.09 8.66 27.25
CHUBB 386.96 47 -2.9 49.72 74.76 3.9 0 1.13 5.57 13.53
DIN 351.14 12.9 0 71.81 10.87 2.78 0 -0.1 2.56 6.85
GIG 345.98 28.4 -1.56 1.4 19.93 2.44 0 1.14 2.46 9.86
LIVA.MSM 330.48 0.32 0 -4.48 0 0 0 0.08 0 0
EIC.ADX 324.6 7.95 0 0 0 1.02 8.33 0.03 4.16 9.85
JAZIRATKFL 277.2 15.62 -0.89 2.97 28.91 1.44 0 1.11 5.1 7.97
WATANIYA 255.84 23.68 -1.34 32.04 9.41 2.25 0 1.05 5.82 24.29
MUTAKAMELA 254.24 15.24 -4.16 5.66 62.9 1.31 0 1.06 1.46 12.2
ALETIHAD 231.06 17.08 -1.5 0 10.85 0 0 0 0 0
AWNIC 223.13 3.96 0 0 -12.72 0.98 0 0.06 4.05 6.88
GULFUNIONALAHLIA 203.03 16.1 -3.02 15.54 10.27 1.59 0 1.06 4.41 16.62
NGI 200.25 4.46 0 3.13 6.06 1.47 0 0 2.65 7.28
MALATHINSURANCE 193.75 14 -3.72 3.21 28.03 6.64 0 1.07 -0.49 -5.25
ARIG 193.6 0.88 0 0 7.69 0.75 10.1 0.03 0.86 3.8
ABNIC 183.74 2.7 0 0 0 1.04 0 -0.07 2.19 6.02
AICC 182.77 13 0.46 -5.74 15.3 1.35 0 0.99 2.15 6.89
LIVA 180.58 16.86 -0.48 -7.72 23.68 1.9 0 1.12 4.74 10.5
BURUJ 164.7 20.16 -2.14 12.39 45.12 1.35 0 1.1 10.12 31.24
BNH 149.84 0.5 0 0 10.71 1.17 3.88 0.04 4.3 7.72
DHAFRA 146.99 5.4 0 0 11.56 1.61 0 -0.08 3.14 10.13
SAICO 136.55 16.8 -1.64 24.68 10.51 1.29 0 1.06 3.42 14.39
ACIG 130.75 15.98 -5.22 25.26 10.25 2.47 0 1.01 2.02 7.98
BKIC 128.38 0.34 0 0 10.12 0.71 6.12 -0.08 1.42 7.42
TKFL 127.76 4.47 0 0 4.43 1.48 4 -0.14 5.39 16.79
ALSAGRINSURANCE 123.44 15.02 -2.73 22.66 16.32 0.82 0 1.08 1.22 2.93
AMANAINSURANCE 120.78 10.3 -2.28 -1.2 56.58 1.15 0 1.24 2.44 8.65
DNIR 117.58 3.74 0 -16.44 9.92 0.86 0 0.03 5.66 10.02
ALAIN 112.28 27.5 0 0 0 0.36 3.33 -0.04 0.89 4.23
RAKNIC 108.94 3.3 0 0 0 1.51 0 -0.02 4.14 13.97
UCA 108.31 10.08 -0.79 22.99 20.56 1.12 0 0.99 4.36 15.87
ALLIANCE 106.16 390 0 0 0 0.85 0 0 3.59 10.4
SALAMA.DFM 102.3 0.4 0 -8.73 -2.69 0.67 0 1.05 1.35 6.71
SALAMA 95.41 17.2 -3.92 0 15.04 1.85 0 1.12 6.59 24.57
ORIENT 90.23 66.3 0 0 0.51 0.14 0 0 5.28 14.46
GULFGENERAL 89.86 11.06 -1.61 5.44 -32.88 1.08 0 1.21 4.81 12.27
ENAYA 77.35 12.14 -3.81 -13.64 -17.42 1.57 0 1.21 -3.77 -8.59
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
FIDELITYUNITED 69.68 1.6 0 0 0 1.7 0 0 0.3 0.92
DICS 67.23 0.23 0 9.52 6.02 2.81 0 0.13 -1.1 -7.19
SOLID 67 0.42 2.43 0 9.47 1.93 0 0.03 -2.03 -5
OUIC 62.22 0.24 0 0 10.34 0.86 0 1.22 2.72 10.66
SICO 61.76 1.65 0 0 0 1.04 0 0.01 10.26 17.29
OQIC 57.03 0.22 0 16.04 16.79 0 0 0.04 0 0
SUKOONTAKAFL 56.59 1.35 0 -65.38 9.97 0.69 0 0.03 4.03 8.06
TAKAFULEM 55.53 1.32 -2.95 136.18 4.59 1.24 0 0.39 0.52 3.98
WATANIA 48.86 0.67 -2.9 0 6.27 0 0 0.68 0 0
UNION 43.24 0.48 0 0 0 0.52 0 0.14 0.48 2.86
ASNIC 41.32 0.66 0 -0.45 -1.76 0.34 0 0.04 0.54 1.41
AMAT 40.83 0.08 -11.12 -6.67 9.47 0 0 1 0 0
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 0.38 5.55 -18.09 -3.58 1.05 0 0.53 -1.23 -19.5
TAOI 20.74 0.05 0 0 12.5 0 0 0.24 0 0
TAKAFUL 19.8 0.12 0 -6.25 6.67 1.15 0 0.1 0.52 3.12
MCTI 9.15 0.32 0 -13.51 21.33 0.19 0 0.04 2.57 8.13
AKIC 6.53 0.24 0 0 -0.41 0.68 0 -0.03 -19.63 -93.13
BKIKWT 0 191 0 0 0 0 0 -0.04 0 0
KINS 0 590 2.07 31.11 0 0 9.01 0.06 4.28 10.42
GINS 0 1,188 0 -38.39 0 0 4.2 0.07 1.74 11.49
AINS 0 804 0.12 24.03 0 0 6.62 0.13 3.79 9.34
WINSRE 0 163 0.61 50.93 0 0 16.34 0.33 -4.25 -8.4
WETHAQ 0 43 -2.28 67.72 0 0 0 0.29 3.29 3.31
FTI 0 183 -6.64 -31.06 0 0 0 0.01 13.45 19.88
KUWAITRE 0 397 1.27 13.99 0 0 5.21 -0.01 3.72 9.79
BEMA 0 4 -2.44 2.79 0 0 0 0 0 0
QLMI 0 1.96 -3.45 -9.11 0 0 0 0 0 0
QATI 0 2 -1.97 -5.42 0 0 2.99 1.1 2.21 10.42
AKHI 0 2.48 -0.41 -14.62 0 0 4.88 0.36 0.64 1.2
QGRI 0 1.07 0 6.7 0 0 5.06 0.3 -26.79 -45.51
QISI 0 8.7 0.23 0.18 0 0 6.88 0.57 11.98 23.54
DOHI 0 2.55 0.39 -0.85 0 0 5.82 0.22 5.01 13.46
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