MENA reinsurer Saudi Re has completed the implementation of its reinsurance surplus distribution policy, a strategic move expected to significantly boost its financial performance in the coming months.
In a statement submitted to the Saudi Exchange, the company confirmed that it has completed the necessary procedures to settle the accumulated surplus, thereby transferring back the accumulated surplus balance of 53.46 million Saudi riyals as of December 31, 2025.
This reversal of balances essentially moves funds from a liability category (reserves) back to the company’s profit and loss account.
Saudi Re said the move is expected to have a positive impact on its second-quarter 2026 earnings.
The development follows a period of growth for the reinsurer, which reported full-year 2025 revenue growth of 48%.
Revenues of SAR 1.67 billion were supported by the expansion of multiple business lines domestically and internationally.
While revenue increased, net profit after zakah, a religious obligation for all Muslims who meet the necessary wealth criteria, fell to SAR 140 million.
This figure is down 71% from the 475 million Saudi riyals reported in the same period last year. The main reason for this large difference was the benefit during the previous year from exceptional capital gains totaling SAR 365.9 million.
