Before taking on the top post, Al-Jabr, who has been with the firm since 2011, most recently served as interim CEO.

The company is a well-known reinsurance provider with operations in more than 40 Middle Eastern and international markets.

The firm has established a strong reputation within the industry, supported by ratings of "A-" from Standard & Poor's and "A3" from Moody's.

Saudi Re reported a 19% increase in gross written premiums in the first half of the year, totaling SAR 1.4 billion.

The business is still concentrating on its Strategy Towards 2028, which aims to maintain profitable growth both domestically and globally and strengthen its competitive position.

Al-Jabr joins the CEO position with more than 25 years of broad expertise in the insurance and reinsurance industries.

He began working at Saudi Re in 2011 and has handled a number of important managerial roles, such as deputy CEO and chief operating officer.

His broad experience include proficiency in company growth, strategy management, and operations. Al-Jabr's operational and leadership abilities are enhanced by his Master's in Business Administration from the University of Bradford in the United Kingdom.

Al-Jabr's nomination as CEO highlights not just his professional background at Saudi Re but also his long-standing services to the organization. His ability to direct Saudi Re's growth trajectory was further demonstrated by his leadership during his interim CEO position.

In order to maintain steady development in the highly competitive reinsurance industry, Saudi Re saw fit to select Al-Jabr as part of its ambitious objectives to bolster its market position. Al-Jabr's proficiency in spearheading strategy and business growth is in harmony with the company's dedication to growing both nationally and internationally.