Saudi Re produces sterling financial results in 2023

By MEIR team | 28 Mar 2024

Saudi Arabia Reinsurance Financial Performance

Saudi Re has posted net profits of SAR124.4m ($33.2m) for 2023, compared to SAR76m for 2022, according to annual financial statements filed by the reinsurer with Tadawul. The increase was 64% or SAR 48m higher than the 2022 net profit.

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