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Saudi Reinsurance Company “Saudi Re” announced that the Extraordinary General Assembly, in its meeting held on October 9, approved increasing the Company’s capital from SAR 1.158 billion to SAR 1.698 billion (USD 452.8 million) by capitalizing SAR 539.8 million from retained earnings. As a result, the Saudi Re’s total number of shares will rise from 115.83 million to 169.81 million upon completion of the capital increase. With this capital increase, Saudi Re becomes the top-capitalized listed company in the Saudi insurance sector andin the reinsurance sector in the Middle East. The Extraordinary General Assembly approved a 46.6% capital increase through the distribution of bonus shares to shareholders. The increase will be implemented by issuing 51.48 million shares, at a ratio of 4 shares for every 9 existing shares, representing 44.44% of the total capital increase. An additional 2.5 million shares, equivalent to 2.16% of the increase, will be allocated to the long-term employeeincentive program. Ahmed Al-Jabr, CEO of Saudi Re, said: “This milestone reinforces our financial position and credit rating, while boosting clients’ confidence in the Company’s financial strength. It further aligns with our growth strategy as the capital will be invested to advance business activities, enhance competitiveness, and sustain profitability.” He noted thatthe bonus share distribution underscores the Company’s ability to generate value and sustainable returns to shareholders. This marks the second capital increase by Saudi Re during the current year, following a 30% increase earlier this in January along with the Public Investment Fund’s (PIF) entry as a strategic partner. These developments coincide with the Company’s having strong performance, with business volume having doubled over the past three years and written premiums exceeding SAR 2.3 billion by theend of 2024. The announcement comes on the heels of a credit rating upgrade by Moody’s, which raised Saudi Re’s rating to “A2” with a stable outlook. The improved rating highlights the Company’s strengthened business and financial profile, particularly following the Public Investment Fund’s (PIF) acquisition of a significant minority stake in Saudi Re. This development, along with new regulatory mandates for local reinsurance cessions, has positively impacted the Company’s performance. Saudi Re, a portfolio company of the Public Investment Fund, is listed on the Saudi Exchange and operates under the supervision of the Insurance Authority. Saudi Re serves over 40 markets across the Middle East, Asia, and Africa. It holds a credit rating of “A2” from Moody’s and “A-” from S&P Global Ratings, both with stable outlooks. For more Details: Announcement Details Saudi Reinsurance Company (Saudi Re) announces the results of the Extraordinar…      

Saudi Reinsurance Company “Saudi Re” announced its financial results for the second quarter of 2025, reporting a net profit after Zakat of SAR 52.6 million, compared to SAR 43.5 million in the same period last year- an increase representing 21%.  This growth was supported by revenue growth and solid investment portfolio performance.   Accordingly, Saudi Re’s revenues for the first half of the year rose by 53%, reaching SAR 738 million, compared to the same period last year. This growth was driven by the company’s continued expansion across multiple business lines both locally and internationally.  Net profit for the first half reached SAR 88 million, marking a 17% increase year-on-year. Additionally, gross written premiums grew by 45%, rising to SAR 2.1 billion from SAR 1.4 billion in the corresponding period last year.     Ahmad Al-Jabr, CEO of Saudi Re, commented on the results: “Our first-half results build on the strong and steady growth we have delivered over the years, driven by our consistent focus on technical performance, operational efficiency, and investment return enhancement.” He added: “We proceed with confidence to achieve our objectives under our Strategy Towards 2028, leveraging our solid financial foundation and strategic partnerships to better serve our clients locally and globally.”   As part of its ongoing efforts to solidify its market position, Saudi Re recently announced signing a reinsurance contract with Tawuniya Insurance Company – as the leader of the insurance pool for the “Inherent Defects Insurance” – to provide reinsurance coverage on the Inherent Defects Insurance Pool.   Furthermore, in a strategic move aimed at supporting future growth and enhancing financial strength, the company intends to increase its capital by 46.6% to reach SAR 1.7 billion, by issuing bonus shares through the capitalization of SAR 539 million from retained earnings.   In a milestone that reflects Saudi Re’s robust financial position and improved competitiveness, the Company recently received a credit rating upgrade from Moody’s to A2 with a stable outlook. The upgrade highlights improved business and financial profile, following the Public Investment Fund’s acquisition of a significant minority stake in Saudi Re and the implementation of enhanced domestic reinsurance regulations.     Saudi Reinsurance Company “Saudi Re”, a portfolio company of the Public Investment Fund, is listed in the Saudi Market Exchange and operates under the supervision of the Insurance Authority. Its business spans more than 40 markets across the Middle East, Asia, and Africa, and it holds an A2 rating from Moody’s and an A- rating from S&P, both with stable outlook.   For more Details:Q2-2025 Financial Results Announcement – English

  English Introduction The Board of Directors of Saudi Reinsurance Company “Saudi Re” is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting which will be held at 8 pm on Monday 12/05/2025G corresponding to 14/11/1446H. through means of modern technology. City and Location of the General Assembly’s Meeting: Kingdom of Saudi Arabia – Riyadh City – Company’s Head Office – Via Means of Modern Technology Link to the venue of the meeting: www.tadawulaty.com.sa Date of the General Assembly’s Meeting:  12/05/2025G corresponding to 14/11/1446H Time of the General Assembly’s Meeting: 20:00 How the General Assembly is convened Via Modern Technology Means Attendance Eligibility: Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. Quorum for Convening the General Assembly’s Meeting: The Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least one quarter of the capital. If the quorum is not available to hold this meeting, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented in it. General Assembly Meeting Agenda: Review and discuss the Directors’ Report of the fiscal year ending on December 31st, 2024.   Voting on the auditors’ report of the fiscal year ending on December 31st, 2024.   Review and discuss the annual financial statements of the fiscal year ending on December 31st, 2024.   Voting to absolve the members of the Board of Directors for the fiscal year ending on December 31st, 2024.   Voting on the business and contracts concluded between the Company and SAB Invest, in which the member of the Board of Directors, Mr. Abdulaziz Al-Bassam, has an indirect interest, due to his membership in the Board of Directors of SAB Invest, which is an investment advisory contract without preferential conditions, noting that the value of the contract is estimated at SAR 517,500.   Voting on the business and contracts concluded between the Company and Alpha Capital, in which the Chairman of the Board of Directors, Mr. Abdullatif Al-Fozan, has an indirect interest, due to his membership in the Board of Directors of Alfa Capital, which is an investment agreement in the Alpha Murabaha Fund, without preferential conditions, noting that the Murabaha Fund management fees are estimated at SAR 189,926.              Voting on disbursing an amount of 2,221,639 Saudi Riyals as a remuneration to the members of the Board of Directors for the financial year ending December 31st, 2024.     Voting on the Board of Directors’ resolution appointing Mr. Fahad bin Ibrahim Al Jomaih as a member of the Board of Directors (non-executive member) starting from the date of his appointment on 24/06/1446H (corresponding to 25/12/2024G) to complete the current Board term until 23/11/1447H (corresponding to 10/05/2026G).   Voting on the Board of Directors’ resolution appointing Mr. Mohammed bin Turki Al Sudairy as a member of the Board of Directors (non-executive member) starting from the date of his appointment on 24/06/1446H (corresponding to 25/12/2024G) to complete the current Board term until the 23/11/1447H (corresponding to 10/05/2026G).   Voting on the Board of Directors’ resolution appointing Mr. Christoph Thomas Fischer-Hirs as a member of the Board of Directors (independent member) to the vacant seat on the Board of Directors starting from the date of his appointment on 15/07/1446H (corresponding to 15/01/2025G) to complete the current term until 23/11/1447H (corresponding to 10/05/2026G) Proxy Form Press Here The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The shareholder has the right to discuss the topics on the agenda of the Assembly, ask questions, and the right to register attendance for the Assembly meeting ends at the time of the Assembly meeting. Also, the eligibility to vote on the items of the Assembly for those present ends when the counting committee finishes counting the votes. Shareholders can vote remotely on the agenda of the General Assembly through the (electronic voting) service by visiting the Tadawulaty website: www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda All shareholders can vote remotely on the agenda of the Assembly through the service (electronic voting) by visiting the website of Tadawulaty: www.tadawulaty.com.sa Voting on the items of the meeting will start from 01:00 am on Thursday 08/05/2025G corresponding 10/11/1446H to until the end of the time of the Ordinary General Assembly. Method of Communication in Case of Any Enquiries For inquiries, please contact the Investors relations department via telephone on +966 11 510 2000 ext. 181 or via email of the Investor relations Department at: Invest@saudi-re.com Additional Information None