Saudi Re

Saudi Re
DATE OF CREATION: 2008, Saudi Arabia
CLASS OF BUSINESS: Life and non-life
MAIN UNDERWRITING ZONES: Africa, Asia and MENA zone
Regional structures: Labuan (Malaysia)

Saudi Re: contact

Adresse: 4130 Northern Ring rd. - Exit 7 P. O. Box 300259 Riyad 11372, Saudi Arabia
Tel: +966 11 510 2000
Fax: +966 11 510 2111
Email: info [at] saudi-re [dot] com
Website: www.saudi-re.com

Saudi Re: rating

AgencyRatingOutlook
Moody’sA3Stable

Saudi Re: main indicators

in thousands USD
 201720182019
Turnover251 026192 098211 143
Shareholder’s equity220 857221 659233 040
Net result10 36321812 102

Saudi Re: turnover 2019 by class of business

in thousands USD
 PremiumsIn %
Fire54 40025.77%
Marine23 93011.33%
Engineering21 0709.98%
Motor15 9407.55%
General accident14 9597.08%
Health6 0632.87%
Others61 50029.13%
Total non-life197 86293.71%
Life13 2816.29%
Grand total211 143100%

Saudi Re: technical ratios

in thousands USD
 20182019
Loss ratio63.19%63.58%
Management expenses ratio30.00%28.84%
Combined ratio93.19%92.42%

Saudi Re: capital and shareholding

ShareholdersIn %saudi re capital
Ahmad Hamad Al Gosaibi & Brothers co.5%
Ahmad Mohamed Ahmad Al-Sabbagh 0.4%
Mansour Abdulaziz Rashid Albusaily 0.07%
Mahmoud Jamail Abdulwahab Hassoubah 0.035%
Hesham Abulmalik Abdullah Al Alsheikh 0.01%
Fahad Abdulrahman AlHesni0.0015%
Placement en bourse94.4835%

Saudi Re: management

Hesham Al-ShaikhChairman of the board
Fahad Al-HesniChief executive officer (CEO)
Nilmin PieriesChief financial officer (CFO)
Ahmed Al-JabrChief operating officer (COO)
Ahmed AL-QarishiChief risk officer / chief actuary
Fadi AL-QutubChief investment officer
Abdelfattah ChamiChief underwriting officer

Exchange rate as at 31/12/2017: 1 SAR = 0.26648 USD ; as at 31/12/2018: 1 SAR = 0.26621 USD ; as at 31/12/2019: 1 SAR = 0.26631 USD

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