Saudi Re receives Sharia
certification from Shariyah Review Bureau
Saudi Reinsurance Company “Saudi Re”, the sole reinsurance company in the Kingdom of Saudi Arabia, announced receiving the Sharia certificate for its offerings from Shariyah Review Bureau “SRB”.
With a solid financial base of total assets SAR 2.9 billion and an A3 rating by Moody’s, Saudi Re’s is eyeing opportunities to strengthen its presence in its target markets in the Kingdom, the Middle East, Asia, Africa and Lloyd’s. As one of the largest re-insurance players in the industry, Saudi Re is committed to ensure socially responsible growth.
Fahad Al-Hesni, Managing Director and CEO, Saudi Re, commented: “We are progressing well in our international diversification strategy, and the Sharia certificate provides additional reassurance to an important segment of our clients. Demonstrating our Sharia compliance will complement our value proposition to our clients especially in the Takaful and Cooperative reinsurance market.”....Keep Reading