Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company established in Saudi Arabia. sample Publicly Joint Stock Company Listed on the Saudi Exchange Market. Cooperative full-fledged reinsurer. The first reinsurance company licensed by the Saudi Arabian Monetary Agency (SAMA) Offer facultative and treaty solutions both on a proportional and non-proportional basis. Strong underwriting expertise in Engineering, Property, Marine, Casualty, Motor, Health, Life, and Retrocession Paid up Capital SR 1 Billion (USD 267 Million). BBB+ (Stable) rating by Standard & Poor’s. gcAA Gulf Cooperation Council (GCC) regional scale rating with a Stable outlook by Standard & Poor’s.