02:20 AM EDT, 07/14/2026 (MT Newswires) -- Saudi Reinsurance Co. (SASE:8200) received a non-objection from the Insurance Authority to buy a 22.5% stake in UK-based AdA Risk Holding Co. for 9 million pounds sterling. The insurance company will finance the deal, which is subject to completion of a share buyback and regulatory approvals, through its own financial resources, according to a Tuesday release. The deal forms part of Saudi Reinsurance's strategy to bolster its international footprint, establish specialized reinsurance services, and diversify its underwriting portfolio.

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