Sponsor

OmanRe

Oman Reinsurance Company SAOG (Oman Re) commenced operations in July 2009 in the Sultanate of Oman with an initial paid-up capital of OMR 5 million (USD 13 million). The capital gradually increased to OMR 30 million (USD 78 million) and currently stands at OMR 32.6 million (USD 84.8 million), reflecting the company’s strong growth and financial stability.

As the first and only reinsurance company in the Sultanate, Oman Re was founded with the purpose of writing both Facultative and Treaty business from local and international markets. Today, the company serves a broad territorial scope covering the Middle East, Afro-Asian countries, Central & Eastern Europe (CEE), and the Commonwealth of Independent States (CIS), across both marine and non-marine lines of business.

Oman Re has marked important milestones in its journey of expansion:

  • August 2021 – Launch of its branch at the Qatar Financial Centre (QFC), following regulatory approval.
  • November 2021 – Successful listing on the Muscat Stock Exchange (MSX).
  • From January 2025 – Introduction of Shariah-compliant Retakaful solutions after securing the Retakaful Window license.

With a strong capital base, a diversified portfolio, and a clear vision for sustainable progress, Oman Re continues to play a vital role in strengthening the region’s reinsurance capacity.