Announcement
13 Jan 2025
In January 2025, the Public Investment Fund (PIF) announced the completion of the acquisition of a 23.08% stake in Saudi Reinsurance Company through a capital increase and the subscription to new shares. Among others, the stated objective is "to contribute to more reinsurance premiums staying within Saudi Arabia while also growing the local reinsurance sector."
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
13 Jan 2025
Revocation date:
No revocation date
Updated: 13 Jan 2025
Equity stake
In force
On 13 January 2025, the Public Investment Fund (PIF) announced the completion of the acquisition of a 23.08% stake in Saudi Reinsurance Company through a capital increase and the subscription to ne...
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