{"id":2827,"date":"2025-10-16T10:30:48","date_gmt":"2025-10-16T10:30:48","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=2827"},"modified":"2025-10-16T14:30:16","modified_gmt":"2025-10-16T14:30:16","slug":"saudi-re-approves-issuance-of-new-shares-to-increase-capital-by-46-6","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/10\/16\/saudi-re-approves-issuance-of-new-shares-to-increase-capital-by-46-6\/","title":{"rendered":"Saudi Re approves issuance of new shares to increase capital by 46.6%"},"content":{"rendered":"

Saudi Reinsurance Company\u2019s (Saudi Re) Board of Directors has approved a capital increase through the issuance of 53.98 million new shares, raising its capital by 46.6% to SAR 1.7 billion to strengthen the reinsurer\u2019s capital base and support growth.<\/p>\n

\"SaudiThe approval follows the Extraordinary General Assembly Meeting held on Thursday 9th October, 2025, chaired by the Chairman of the Board of Directors, Mr. Abdullatif Al-Fozan.<\/p>\n

Of the 53,980,000 shares issued, 51,480,000 will be distributed as bonus shares to shareholders, granting four shares for each nine shares, representing an increase of 44.44% of the company\u2019s capital.<\/p>\n

A further 2,500,000 shares, representing 2.16% of the company\u2019s capital, will be allocated to the company\u2019s employees as per the long-term incentive plan approved by the Board of Directors on 17th November 2024.<\/p>\n

Prior to the increase, the number of shares stood at 115,830,000, rising to 169,810,000 following the issuance.<\/p>\n

\n
\"Brit<\/a><\/div>\n<\/div>\n

Total capital was initially SAR 1,158,300,000, increasing by 46.6%, or SAR 539,800,000, to SAR 1,698,100,000.<\/p>\n

The capital increase is intended to support Saudi Re\u2019s growth and further strengthen its financial position.<\/p>\n

The post Saudi Re approves issuance of new shares to increase capital by 46.6%<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Reinsurance Company\u2019s (Saudi Re) Board of Directors has approved a capital increase through the issuance of 53.98 million new […]<\/p>\n","protected":false},"author":1,"featured_media":2829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/2827"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=2827"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/2827\/revisions"}],"predecessor-version":[{"id":2831,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/2827\/revisions\/2831"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/2829"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=2827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=2827"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=2827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}