الشركة السعودية لإعادة التأمين
Saudi Re is a Riyadh-based composite reinsurer listed on the Saudi Exchange, writing treaty and facultative reinsurance in more than 40 markets.
Industry: Reinsurance | Location: Riyadh, Saudi Arabia | Founded: 2008
About الشركة السعودية لإعادة التأمين
Saudi Reinsurance Company, known as Saudi Re, is a composite reinsurer headquartered in Riyadh. Established in 2008 as the first specialised reinsurer in Saudi Arabia, it writes treaty and facultative reinsurance across property, engineering, liability, marine, motor, life and health lines. Its annual report says it serves clients in more than 40 markets across the Middle East, Asia and Africa and is regulated by the Insurance Authority. Its shares are listed on the Saudi Exchange.
Ahmed Al-Jabr has been chief executive since 1 October 2024. He joined the company in 2011, worked in human resources, strategy and business development, and holds an MBA from the University of Bradford. Abdullatif Al-Fozan chairs the board. Waleed bin Ateeq is chief financial officer and Ahmed Al-Qarishi is chief underwriting officer.
Saudi Re serves international business from its Riyadh head office, a branch in Kuala Lumpur and, since the first half of 2026, a branch in GIFT City, India. International business exceeded SAR 1.05 billion in 2025, or 36 percent of premiums.
On 1 January 2025 the company and the Public Investment Fund announced completion of a capital increase in which the fund took a 23.08 percent stake by subscribing to new shares, lifting paid-up capital to SAR 1.698 billion. Saudi Re sold its entire stake in the Lloyd's managing agency Probitas, with the gain recorded in 2024. In July 2026 it agreed to buy 22.5 percent of AdA Risk Holding, which operates AdA Syndicate 2024 at Lloyd's, for 8.95 million pounds.
For 2025 gross written premiums rose 24 percent to SAR 2.93 billion, and net profit after zakat and tax was SAR 140.04 million, against SAR 474.81 million in 2024, which included the Probitas gain. Total assets were SAR 4.64 billion. S&P Global Ratings rates it A-, with a positive outlook, and Moody's rates it A2 with a stable outlook. For the first half of 2026 the company reported gross written premiums of SAR 3.3 billion, up 58 percent, and net profit of SAR 162 million, up 84 percent.
Leadership
- Ahmed Al-Jabr, Chief Executive Officer
- Abdullatif Al-Fozan, Chairman of the Board
- Waleed bin Ateeq, Chief Financial Officer
- Ahmed Al-Qarishi, Chief Underwriting Officer
- Isa Ebrahim Ali, Chief Operating Officer
- Fadi Al Qutub, Chief Investment Officer