Saudi Re shares rise 9.5 percent

The share of the Saudi Reinsurance Company, "Saudi Re," increased by 9.49% after it was selected to lead the Saudi Marine Insurance Fund, which was established by the Council of Ministers to enhance the insurance market’s readiness for war-related risks to goods and vessels. The aim is to support trade activities and supply chains, as well as reduce the impact of fluctuations in global reinsurance markets, thereby strengthening the Kingdom’s position as a global logistics hub and developing the capabilities of the local market.

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