Saudi Reinsurance Company’s (Saudi Re) Board of Directors has approved a capital increase through the issuance of 53.98 million new shares, raising its capital by 46.6% to SAR 1.7 billion to strengthen the reinsurer’s capital base and support growth.
The approval follows the Extraordinary General Assembly Meeting held on Thursday 9th October, 2025, chaired by the Chairman of the Board of Directors, Mr. Abdullatif Al-Fozan.
Of the 53,980,000 shares issued, 51,480,000 will be distributed as bonus shares to shareholders, granting four shares for each nine shares, representing an increase of 44.44% of the company’s capital.
A further 2,500,000 shares, representing 2.16% of the company’s capital, will be allocated to the company’s employees as per the long-term incentive plan approved by the Board of Directors on 17th November 2024.
Prior to the increase, the number of shares stood at 115,830,000, rising to 169,810,000 following the issuance.
Total capital was initially SAR 1,158,300,000, increasing by 46.6%, or SAR 539,800,000, to SAR 1,698,100,000.
The capital increase is intended to support Saudi Re’s growth and further strengthen its financial position.
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