| Element List | Explanation |
|---|---|
| Announcement Detail | announce the completion of a periodic review by Moody's International Credit Rating Agency and maintaining its A2 rating for global insurance financial strength, according to its report issued on 28/04/2026. |
The Insurance financial strength rating A2 (IFSR) of Saudi Re reflects factors that included:
• Strong brand and market position in Saudi Arabia as the country’s domestic professional reinsurer , alongside a growing presence across the Middle East, Asia, and Africa.
• Preferential position in the domestic market through its right of first refusal on a portion of ceded premiums.
• Strong asset quality underpinned by a conservative investment portfolio as evidenced by a low ratio of high risk assets.
• Good capital adequacy, and limited natural catastrophe exposure.
• Consistently good profitability.
• Strong financial flexibility with no debt leverage and good access to local capital markets given its listing on the Saudi stock exchange and broad investor base
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.