Saudi Reinsurance Co. Capital Increase: $71 Million Boost Through Strategic Subscription with PIF

Saudi Reinsurance Co. Capital Increase marks a significant development in the company’s growth trajectory and aligns with Saudi Arabia’s Vision 2030 objectives. The strategic subscription agreement with the Public Investment Fund (PIF) aims to bolster the company’s financial standing and enhance its market position. Details of the Capital Increase Amount and Method Saudi Reinsurance Co. plans to increase its capital by $71 million. This substantial boost will elevate the company’s capital from $237.5 million to $306.5 million, marking a pivotal step in its growth strategy. Strategic Subscription Agreement The capital increase is facilitated through a strategic subscription agreement with the Public Investment Fund