On July 29, 2026, Saudi Reinsurance Company ("Saudi Re") announced that it received on July 28, 2026 a Sharia compliance confirmation from its Sharia Advisor, Shariyah Review Bureau ("SRB"), and its appointed Sharia Supervisory Committee ("SSC"). The certification confirms that Saudi Re's activities — specifically the separation of accounts for both Shareholder and Policyholder pools, as well as investments made by both pools — are consistent with Sharia Guidelines as stipulated by the SSC. The SSC and SRB will continue to oversee ongoing supervision and monitoring of the company's relevant activities and will administer an annual Sharia audit in accordance with AAOIFI-GSIFI No. 2. The Sharia certificate is available for viewing on the company's website.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.