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

News

CMA approves Saudi Re request to reduce its share capital

09/11/2017

The CMA has issued its resolution approving Saudi Re for Cooperative Reinsurance Company's request to reduce its capital from SAR (1,000,000,000) to SAR (810,000,000), thus reducing the number of sha

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

08/10/2017

Following announcement on 01-10-2017, with regards to the Shareholder Agreement signed with Probitas Holdings (Bermuda) Limited (PHBL), Saudi Re is pleased to announce the completion of transaction a

Tadawul

Saudi ratings affirmed At 'BBB+/gcAA+'; outlook stable

01/07/2015

Standard & Poor's Ratings Services affirmed its 'BBB+' long-term issuer financial strength and counterparty credit ratings on Saudi Re for Cooperative Reinsurance Co (Saudi Re). The outlook remains s

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