Saudi Re To Acquire 22.5% Stake In UK's AdA Risk Holding For $12M

The Saudi Reinsurance Company (Saudi Re) will acquire a 22.5% equity stake in UK-based AdA Risk Holding for $11.97 million (£8.95 million), as the Saudi reinsurer advances its international expansion strategy.Acquisition detailsThe acquisition builds on the relationship between the two companies, which began with AdA's establishment in 2023, and will make the UK-based firm a long-term strategic partner of Saudi Re, according to a company statement issued on Tuesday.Saudi Re said the investment is expected to strengthen its presence in international markets and increase business written through the Lloyd's insurance market starting in 2027.The transaction will be financed through the company's own capital resources, while its value and Saudi Re's share of AdA's financial results will be reflected in the company's third-quarter 2026 financial statements.“Partnering with AdA marks an exciting new chapter for Saudi Re," said Ahmed Al-Jabr, CEO of Saudi Re, in the statement. "This strategic investment builds upon our past success and strengthens Saudi Re’s foothold in the Lloyd’s market."Key backgroundThe investment is expected to strengthen Saudi Re's presence in the Lloyd's market, one of the world's leading insurance and reinsurance marketplaces, through AdA Risk's Syndicate 2024. London-based AdA Risk is a holding company specializing in underwriting insurance for the energy, marine, cargo, and aviation sectors."This partnership will be instrumental as we continue to expand our underwriting platform and execute our long-term strategy at Lloyd’s," said Natasha Jodrell, CEO of AdA, in the statement. Saudi Re is part of the Public Investment Fund (PIF) portfolio, and PIF holds 22.737 % ownership of the company as of July 13, 2026. The company operates in over 40 markets, including in Asia and Africa.Big number Listed on the Saudi stock exchange Tadawul, Saudi Re has a market capitalization of $1.2 billion (SAR 4.52 billion) as of July 14, 2026.