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Saudi Re: capital increase

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Magazine Issue: 
Insurers up against cyber risks [3]
Magazine date: 
Jun 2021

saudi reSaudi Reinsurance Company (Saudi Re [4]) is planning a 10% increase of its share capital that shall move from 810 million SAR (215.6 million USD) to 891 million SAR (237.2 million USD).

The operation will enable the issuance of new free shares, at the rate of one for every 10 shares held.

Such capital increase allows the company to reinforce and expand its shareholder’s equity.

Read also | Top 10 insurance companies in Saudi Arabia [5]

Thu, 24/06/2021 - 09:58

Source URL: https://www.atlas-mag.net/en/article/saudi-re-capital-increase

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-june-2021
[4] https://www.atlas-mag.net/en/article/saudi-re
[5] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018