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مباشر
Rea shares rise 9.5% on leadership role
The shares of the Saudi Reinsurance Company, "Saudi Re," increased by 9.49% after being selected by the Saudi Insurance Authority to lead the Saudi Marine Insurance Fund. This follows the approval of the Council of Ministers for the establishment of the fund to insure war risks for goods and ships. The stock price rose to 27.68 riyals, with 4,297 transactions involving 2.09 million shares, and a trading volume of 56.53 million riyals. The move aims to enhance the insurance market's readiness to address maritime risks, support the continuity of trade and supply chains, and develop the Saudi market to achieve a global logistical position.
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