Saudi Re Receives Shariyah Audit Report of 2021 from its Shariyah Advisor

Saudi Re announced on Thursday that it received the annual Shariyah Audit Report for the year 2021 from its Shariyah Advisor on 03/08/2022.

The report contains the Shariyah approval from the Shariyah Advisor, the Shariyah Review Bureau (SRB), in line with the prior years’ reviews, on the following functions:

1. Separation of Accounts (Shareholder & Policyholder)
2. Compliance of Shareholder & Policyholders Investments with Shariyah

Investors are advised that the purification amount per share for the Company is SR0.233.

The SRB leads the ongoing supervision and monitoring of the Company with regards to the above-mentioned functions and related processes from a Shariyah perspective. It will also engage the Shariyah Audit to investigate and evaluate the extent of its adherence with directed Shariyah policies and guidelines and to report any defective processes.