Saudi Re awaiting for a final approval

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The new reinsurance company based in Riyadh is awaiting the final approval of the government to start its underwriting.
Endowed with a capital of 1 billion SAR (267 million USD), Saudi Re is hoping to be operational as of October 2007. Its target markets are: Saudi Arabia, Gulf countries, Jordan, Lebanon, Iran, Turkey, Malaysia and Indonesia.

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Tue, 02/04/2013 - 15:35
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