| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Reinsurance Company "Saudi Re" announces that S&P Global Ratings has affirmed its rating at ‘A-‘ and revised the outlook to positive from stable according to the report issued on 25/11/2025. |
The financial rating of Saudi Re reflects:
• Strong competitiveness over the past two years, fueled by the exponential growth in the top line
• Superior underwriting performance, outperforming many of the Company regional and international peers.
• Maintaining sufficient capital adequacy buffers above the 99.99% confidence level
• S&P considers Saudi Re a government-related entity, given PIF is a significant minority shareholder, and considering Saudi Re’s role as a national reinsurer that helps strengthen the Saudi insurance sector, support economic growth, and expand PIF's reach in the financial services industry
The positive outlook indicates that S&P could raise the ratings over the next two years if the Company continues to strengthen its competitive position while maintaining its current capital adequacy and underwriting performance.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.