Saudi Re completed acquisition of 49.9% of Probitas Holdings (Bermuda)

08/10/2017 11:37 AST

Following announcement on 01-10-2017, with regards to the Shareholder Agreement signed with Probitas Holdings (Bermuda) Limited (PHBL), Saudi Re is pleased to announce the completion of transaction and the consequent acquisition of 49.9% of the ordinary shares of PHBL.


Tadawul

News

Saudi Re to buy strategic 22.5pc stake in British company AdA Risk

16/07/2026

Saudi Reinsurance Company is set to acquire a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market, following t

Trade Arabia

CMA approves Saudi Re request to reduce its share capital

09/11/2017

The CMA has issued its resolution approving Saudi Re for Cooperative Reinsurance Company's request to reduce its capital from SAR (1,000,000,000) to SAR (810,000,000), thus reducing the number of sha

Press Release

Saudi Re is pleased to announce that Lloyd's has granted approvals

27/09/2017

Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.

Tadawul

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