Re'ay's shares rise after Saudi Marine Insurance role
Shares of the Saudi Reinsurance Company "ReAssure Saudi" rose by 9.49% after being selected by the Insurance Authority to lead the Saudi Marine Insurance Pool. The goal of establishing the pool is to enhance the readiness of the insurance market in handling marine insurance risks, support trade activities and supply chains, reduce the impact of fluctuations in global reinsurance markets, and strengthen the Kingdom's position as a global logistics hub. It also aims to develop the capabilities of the Saudi market to face risks related to war on goods and ships. The stock traded 2.09 million shares valued at 56.53 million SAR.
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