Reinsurance News
PIF
PIF acquires 23.08% stake in Saudi Re
13th January 2025
The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has announced the acquisition of a 23.08% stake in Saudi Reinsurance Company (Saudi Re) through a capital increase and subscription to new shares. This deal was first announced in October 2023, when Saudi Re signed a non-binding memorandum of understanding ... Read the full article
Saudi Re to raise $71m via subscription agreement with PIF
8th July 2024
Saudi Arabia-domiciled reinsurer, Saudi Reinsurance Co. has announced plans to increase its capital by SR267.3 million (approximately USD 71 million) through a strategic subscription with the Public Investment Fund (PIF), a sovereign wealth fund, according to a filing with the stock exchange. In October 2023, the agreement was initially outlined ... Read the full article
Saudi Re signs MoU with PIF to raise capital
9th October 2023
Saudi Arabia-domiciled reinsurer, Saudi Reinsurance Co., is raising new capital via the issuance of new shares that will be purchased by Saudi Arabia's Public Investment Fund (PIF), a sovereign wealth fund, according to a filing with the stock exchange. On October 7th, Saudi Re signed a non-binding memorandum of understanding (MoU) ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
