Saudi Re, 2017 results
By 2017, Saudi Re reported a net profit of 38.9 million SAR (10.4 million USD), a leap of 110% in one year. This performance is accounted for by a substantial decrease in loss experience. The turnover has, nonetheless, sustained a slight decrease of 4% at 942 million SAR (251.3 million USD).
The Saudi reinsurer is holder of a “BBB+” rating granted by Standard & Poor’s and manages assets of up to 693 million USD.
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Tue, 03/04/2018 - 09:12
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