MENA-region reinsurer Saudi Re has completed the implementation of its reinsurance surplus distribution policy, a strategic move that is expected to provide a significant boost to its financial performance in the coming months.
In a statement to the Saudi Exchange, the company confirmed it has completed the necessary procedures to settle its accumulated surplus, resulting in the reversal of an accumulated surplus balance of SAR 53.46 million as of December 31, 2025.
The reversal of this balance essentially moves funds from a liability category, money held in reserve, back into the company’s profit and loss accounts.
Saudi Re said the move is expected to have a positive impact on its second-quarter 2026 earnings.
This development follows a period of growth for the reinsurer, having reported a 48% increase in revenue for the full year 2025.
The SAR 1.67 billion in revenue supported by expansion across multiple business lines, both domestically and internationally.
While revenue experienced an increase, net profit after zakat (a religious obligation for all Muslims who meet the necessary wealth criteria) fell to SAR 140 million.
This figure represents a 71% decrease from the SAR 475 million reported in the comparable period last year. The main reason for this substantial difference is that the prior year’s period benefited from exceptional capital gains totalling SAR 365.9 million.
