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

08/10/2017 11:37 AST

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 and the consequent acquisition of 49.9% of the ordinary shares of PHBL.


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

Press Release

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

27/09/2017

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.

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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