Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company established in Saudi Arabia. Publicly Joint Stock Company Listed on the Saudi Exchange Market. Cooperative full-fledged reinsurer. The first reinsurance company licensed by the Saudi Arabian Monetary Agency (SAMA) Offer facultative and treaty solutions both on a proportional and non-proportional basis. Strong underwriting expertise in Engineering, Property, Marine, Casualty, Motor, Health, Life, and Retrocession Paid up Capital SR 1 Billion (USD 267 Million). BBB+ (Stable) rating by Standard & Poor’s..