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Saudi Re Finalizes Purchase of AdA Risk Holding Stake

MT Newswires·07/23/2026 03:28:03
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03:28 AM EDT, 07/23/2026 (MT Newswires) -- Saudi Reinsurance (SASE:8200), d/b/a Saudi Re, said Thursday that it closed its acquisition of a 22.5% stake in UK-based AdA Risk Holding. The Tadawul-listed insurer bought the stake for 9 million pounds sterling. The company disclosed the terms of the deal on July 14.