Publisher: Maaal International Media Company
License: 465734
Monday, 5 May 2025
Saudi Re secures regulatory approval to increase capital
Saudi Reinsurance Co. (Saudi Re) said on Monday it received approval from the Insurance Authority to raise its capital to SAR 1.69 billion from SAR 1.15 billion through the capitalization of SAR 539.8 million in retained earnings.
The company said in a bourse filing that the approval is valid for one year, subject to the completion of all other regulatory requirements.
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