Profile: SAUDI RE | Saudi Re for Cooperative Reinsurance Co.

SAUDI STOCK EXCHANGE (TADAWUL)Trading Hours: Sun - Thu 10:00 am-3:00 pm

Saudi Re for Cooperative Reinsurance Co. SAUDI RE
SAUDI RE 8.10%
Insurance 1.54%
TASI 0.43%
Last Value
% Change
Price in SAR Last Update : 02 Aug 2017 11:00 am (local time)


Corporate Details
ISIN Code SA1210540419
Exchange Saudi Arabia
Sector Insurance
Auditors Ernst and Young
Al Bassam
Company Description

Saudi Re for Cooperative Reinsurance Co SJSC (Saudi Re) is a Saudi joint stock company engaged in all cooperative reinsurance operations and related activities including continuous reinsurance, agencies, representation, correspondence and brokerage. Saudi Re is rated as the highest capitalized reinsurer in the Arab World.

Company Activities

Saudi Re underwrites business in selected markets in Asia and Africa and has developed a range of Sharia compliant reinsurance solutions which cater for the conventional and the Takaful and Re-takaful industry. Saudi Re delivers its services directly or through its network of approved brokerage firms. The Company has underwriting expertise in engineering, property, marine, casualty, motor, health, life, and retrocession

Equity Profile
Date Established May 24, 2008
Listing Date May 24, 2008
Paid-up Capital (SAR) 1,000,000,000
Outstanding Shares 100,000,000
Shares Per Value 10
Contact Information

4130 Northern Ring rd. - Exit 7, P.O. Box 300259, Riyadh 11372, Kingdom of Saudi Arabia

+966 11 510 2000

+966 11 510 2111



Company History

Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company licensed by the Saudi Arabian Monetary Agency (SAMA), with a paid up Capital SR 1 Billion (USD 267 Million).

Board Members & Senior Management
Mr. Hesham Al-Sheikh Chairman
Mr. Fahad Al-Hesni CEO
Mr. Ahmad Al-Sabbagh Board of Directors
Dr. Salman Al-Sudairi Board of Directors
Mr. Mishari Al-Mishari Board of Directors
Mr. Jean-Luc Gourgeon Board of Directors
Mr. Ismail Mahbob Board of Directors
Mr. Mansour Al-Busaily Board of Directors
Mr. Hammam Badr Board of Directors
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