Saudi "Reactivation" Plans to Acquire Stake in British "AdA"

The Saudi Reinsurance Company "Rea" announced that it has received the Insurance Authority’s no-objection for the acquisition of a 22.5% stake in the British company "AdA Risk Holding Co Limited," valued at approximately 45 million British pounds. The aim of this transaction is to expand the company's presence in the Lloyd’s insurance market, enhance its reinsurance capabilities, and diversify its portfolio. The results of the deal are expected to be reflected in the financial statements starting from the third quarter of this year.