Saudi Re Announced signing an exclusive reinsurance contract with Malath Cooperative Insurance Company to Cover the Inherent Defects Coinsurance Program. Based on the contract, Saudi Re will provide reinsurance treaty protection, and additional Facultative protection for risks exceeding the treaty capacity. During the contact period, terms will be reviewed annually. The contract is expected to reflect positively on Saudi Re sales and financial performance, and will gradually impact the financial results of the company starting from the fourth quarter in 2020.