Saudi Reinsurance Company (Saudi Re) announced on May 11, 2026 the results of its Extraordinary General Assembly Meeting held on May 10, 2026, with 51.80% shareholder attendance. The meeting approved key agenda items including the appointment of auditors Dr. Mohamed Al-Amri & Co. (BDO) for SAR 940,000 and Deloitte for SAR 2,090,000 to audit financial statements for 2026-2027, and the distribution of SAR 2,292,329 as Board remuneration for fiscal year 2025. Shareholders elected 11 Board members for a four-year term from May 11, 2026 to May 10, 2030, and approved the addition of Article 15 to the Bylaws regarding debt instrument issuance. The meeting also approved related-party contracts including an investment advisory contract with SAB Invest valued at SAR 793,473.55 and an investment agreement with Alpha Capital involving management fees of SAR 385,785.20.

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Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.