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Saudi Re completes the sale of its stake in Probitas for £123mln
Saudi Reinsurance Company "Saudi Re" has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings (Bermuda) to Aviva Insurance Limited for £123 million. On this occasion, Ahmad Al-Jabr, Acting CEO of "Saudi Re" stated: "This transaction aims to enhance the company's competitive position and financial…
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Source: Saudi Re