Saudi Reinsurance Company announced signing reinsurance contracts with Probitas Corporate Capital Ltd. on March 20, 2024. Contract Subject Matter: Reinsurance contracts; The Entity with Which the Contract was Signed: Probitas Corporate Capital Ltd. (Related Party); Contract Value: Estimated Gross written premium SAR 135.03 million; Contract Details: Reinsurance contracts; Contract Duration: One Georgian year starting from January 01, 2024; Financial Impact and the Relevant Period: The contracts will have a positive impact on increasing gross written premium and the financial impact will appear in the financial results commencing from year 2024.
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