Saudi Reinsurance Company (Saudi Re) announces an update on its acquisition of a strategic equity stake in AdA Risk Holding Limited

AI Summary

Saudi Reinsurance Company (Saudi Re) has completed the acquisition of a 22.5% equity stake (on a fully diluted basis) in UK-based AdA Risk Holding Co Limited.
The transaction was concluded for a total amount of GBP 8,950,000.
AdA Risk Holding Co Limited operates Syndicate 2024 at Lloyd's of London.
The completion follows the receipt of the Insurance Authority's non-objection on July 13, 2026.

Element List	Explanation
Previous Announcement	Saudi Reinsurance Company "Saudi Re" receipt of the Insurance Authority's non-objection on 13/07/2026, to acquire a 22.5% equity stake (on a fully diluted basis) in AdA Risk Holding Co Limited, a company incorporated in the United Kingdom that operates Syndicate 2024 at Lloyd's of London, with the transaction amount of GBP 8,950,000.
Date of Previous Announcement on Saudi Exchange’s Website	2026-07-14 Corresponding to 1448-01-29
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Saudi Re announces the conclusion of the transaction and the completion of the acquisition.
Reasons For The Delay on The Date of The Event Previously Announced	Nill
The costs associated with the event, and if they have changed or not with indication of the reasons.	Nill
Delay consequences on the Company’s financial results	Nill
Additional Information	Nill