Saudi Re Wins Approval for 22.5% Stake in AdA Risk

Saudi Reinsurance Company (Saudi Re) (Ticker: 8200) announced on July 14, 2026, that it received the Insurance Authority's non-objection on July 13, 2026, to acquire a 22.5% equity stake (on a fully diluted basis) in AdA Risk Holding Co Limited, a UK-incorporated holding company that operates AdA Syndicate 2024, an independent marine and specialty syndicate at Lloyd's of London. The transaction was entered into on June 26, 2026, valued at GBP 8,950,000, and will be financed entirely from Saudi Re's own financial resources.

Deal Details

• Value: GBP 8.95 million
• Stake Acquired: 22.5% (fully diluted)
• Financing: Cash from internal resources
• Target: AdA Risk Holding Co Limited (owner of AdA Syndicate 2024 at Lloyd's)
• Signing Date: June 26, 2026
• Regulatory Approval Date: July 13, 2026 (Insurance Authority)

Rationale

Saudi Re aims to expand its international footprint, strengthen its presence in the Lloyd's market, diversify its underwriting portfolio, and deliver sustainable long-term value to shareholders and clients. Financial results are expected to be reflected in Q3 2026 statements.

Regulatory Hurdles

Completion remains subject to the successful conclusion of a related buyback transaction and receipt of all relevant regulatory approvals. No further details on these approvals have been disclosed.

Impact on Stock

The deal is expected to enhance Saudi Re's global reinsurance standing but will not immediately impact the stock until full closure. Investors are monitoring regulatory developments.