Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has appointed Ahmed Ali Al Jabr as its CEO after it received the Insurance Authority’s (IA) non-objection on 30 September 2024.
Al Jabr’s appointment became effective on 1 October this year, while the board made its decision on 26 September, according to a bourse filing.
The new CEO of Saudi Re already held the position of Deputy CEO and was appointed as the Acting CEO on 01 April 2024.
Al Jabr has more than 25 years of experience in the insurance and reinsurance sector and he first joined Saudi Re in 2011.
It is worth noting that the listed company generated SAR 75.27 million worth of net profits after Zakat attributable to the shareholders in the first half (H1) of 2024.
