Saudi Re

Saudi Reinsurance Company (Saudi Re) is a public joint stock cooperative reinsurance firm established in 2008. It is the first licensed reinsurer in Saudi Arabia and is headquartered in Riyadh. Saudi Re is recognized as a leading reinsurance provider in the MENA region, with a diverse global portfolio that spans over 40 markets across the Middle East, Asia, Africa, and Lloyd's. The company operates under a cooperative insurance system and has a paid-up capital of SAR 1.698 billion, significantly exceeding regulatory requirements. Saudi Re holds strong credit ratings from Standard & Poor's and Moody's, reflecting its financial stability and market position.