Investor Presentaiton
7
Key Developments
Saudi Re is poised to benefit from favorable market
conditions
Key Developments
إعادة
Saudi Re
Effect of Saudi Re
Hardening Market
■ Increased signs of market hardening on
international level characterized by shortage of
reinsurance and retrocession capacity and
increases in pricing
■ Challenge to source retro
capacity
■ Opportunity to benefit from
price correction
☑Capital Strategy
■ Saudi Re announced stopping the rights issue
considering the market dynamics
Solvency position remains strong
■ Assessing venues for
strengthening capital for growth
support
IFRS 17
■ Started January 1, 2023, Saudi Re has adopted
IFRS 17 and IFRS 9, as endorsed in Saudi Arabia
Change in financial presentation
Restricted 3
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