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SAMA grants licence to Saudi Re
JEDDAH - Saudi Re, has become the first company in Saudi Arabia to be granted a Reinsurance licence by the Saudi Arabian Monetary Agency (SAMA).
“We are very glad for this most important milestone for Saudi Re, and also for the whole insurance industry in the Kingdom, and would like to express our thanks for SAMA for the efforts deployed in this respect; we are more than happy to note SAMA’s support and contribution for the whole sector and their appreciation of the resources Saudi Re will deploy to the benefit of the insurance industry in Saudi Arabia and also in the Arab countries,” Mousa Al Rubaian, chairman of the board of directors, said in information made available to Khaleej Times here on Wednesday.
With it’s paid up capital of SR1billion, Saudi Re has appointed a team of experts to handle professionally the needs of its clients
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