Saudi Re is pleased to announce that Lloyd's has granted approvals

27/09/2017 09:14 AST

Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.9% of the ordinary shares of PHBL, Saudi Re is pleased to announce that Lloyd's has granted the required approvals on 26/9/2017 subject to receipt of the approvals of the Saudi Arabian Monetary Authority (SAMA) and the Bermudian Monetary Authority.

Saudi Re shall announce any significant developments in due course.


Tadawul

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Saudi Re completed acquisition of 49.9% of Probitas Holdings (Bermuda)

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