Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company established in Saudi Arabia. The company is listed on the Saudi Exchange (Tadawul) and operates under the supervision of the Insurance Authority. Saudi Re is a provider of life and non-life reinsurance products, providing facultative and treaty reinsurance solutions on both proportional and non-proportional bases.
Saudi Re is a Public Investment Fund portfolio company listed on the Saudi Exchange with a paid-up capital of SAR 1.7 billion. The company serves clients across more than 60 markets spanning the Middle East, Asia, and Africa, in addition to the Lloyd's market in London, and holds financial strength ratings of A2 from Moody's Ratings and A- from Standard & Poor's. Saudi Re operates in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India.
Recent developments
In January 2025, PIF acquired a 23.08% ownership stake in Saudi Re, reinforcing its position as Saudi Arabia's national reinsurer, supporting its growth to meet rising domestic demand, expanding its regional and global presence, and strengthening the resilience of the Saudi economy.
Facts compiled by Executive Moves from publicly available news and press releases on 15 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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