Saudi Reinsurance Company “Saudi Re” announced its financial results for the third quarter of 2026. Net profit after Zakat rose 6% to SAR 32.6 million, compared to SAR 30.7 million in the same quarter of the previous year. This growth was driven by balanced performance across both domestic and international markets. For the first nine months of the year, net profit after Zakat increased 63% to SAR 194 million, compared to SAR 118.7 million in the same period last year. Insurance revenue rose 73% to SAR 2 billion, compared to SAR 1.2 billion in the same period. Gross Written Premiums grew 50% to SAR 3.9 billion, compared to SAR 2.6 billion in the same period of the previous year. Commenting on the results, Ahmed Al-Jabr, CEO of Saudi Re, said: “This exceptional performance reflects the success of our strategy in delivering strong, profitable and sustainable growth, marked by Gross Written Premiums surpassing the USD 1 billion milestone. It demonstrates the strength and resilience of our business model, as well as our ability to maintain our growth trajectory, achieve our strategic targets, and consolidate our regional leadership.” Al-Jabr added: “We remain agile in responding to evolving market conditions, with a clear focus on meeting our clients’ needs amid geopolitical developments and addressing emerging insurance protection gaps. In this context, we continue to develop innovative solutions that provide additional reinsurance capacity and address the evolving needs of the markets with greater efficiency and flexibility, particularly across marine, aviation, political violence and event cancellation, among other lines of business.” The third quarter also witnessed the establishment of the Saudi Marine Insurance Pool, led by Saudi Re under the supervision of the Insurance Authority, with the participation of insurance companies. This national public-private initiative is designed to expand insurance capacity for marine risks, support the continuity of trade, and contribute to strengthening the Kingdom’s position as a global logistics hub. Saudi Re continues to advance its international expansion strategy. Key milestones this year included the opening of its branch in India, its second in Asia after Malaysia, and the strengthening of its presence in the Lloyd’s market through its strategic investment in AdA Risk Holding Co. Limited. These developments support the geographic diversification of the company’s portfolio and broaden its access to priority international markets. Saudi Re is a Public Investment Fund portfolio company listed on the Saudi Exchange with a paid-up capital of SAR 1.7 billion. The Company is among the leading reinsurance providers in the MENA region. Established in 2008 as a composite reinsurer, Saudi Re offers a wide range of treaty and facultative reinsurance solutions, The Company holds Moody’s A2 rating and S&P A- rating with a Positive Outlook.Saudi Re operates in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India. The Company is regulated by the Saudi Arabian Insurance Authority.

Saudi Reinsurance Company “Saudi Re” announced its financial results for the second quarter of 2026, reporting a net profit after Zakat of SAR 115 million, compared to SAR 53 million for the same quarter last year, representing an increase of 118%. This growth was supported by the continued growth of the Company’s business, in line with its strategy and business plans. Accordingly, Saudi Re’s revenues for the first half of the year increased by 71%, reaching SAR 1.3 Billion, 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 162 million, marking an increase of 84% compared to the corresponding period last year. Additionally, Gross Written Premiums (GWP) increased by 58%, reaching SAR 3.3 billion, compared to SAR 2.1 billion in the same period of the previous year. Commenting on the results, Ahmed Al-Jabr, CEO of “Saudi Re”, said:“These results demonstrate our ability to consistently deliver profitable and sustainable growth, supported by our continued investment in strengthening our institutional and technical capabilities, which has enabled the Company to achieve exceptional growth in both revenue and profitability compared to the same period last year.” Al-Jabr added: “Our focus remains on executing strategic initiatives that strengthen our capabilities, enhance our competitive position, and support the development of a diversified, high-quality portfolio, underpinned by disciplined underwriting and prudent risk management.” During the first half of the year, “Saudi Re” achieved several strategic milestones, including strengthening its presence in the Lloyd’s market through its strategic investment in AdA Risk Holding Co. Limited, opening its second branch in Asia in the Republic of India, and reaffirming its A2 Insurance Financial Strength Rating by Moody’s. These achievements reinforce the Company’s financial strength and support its long-term growth ambitions. Saudi Re is a Public Investment Fund portfolio company listed on the Saudi Exchange with a paid-up capital of SAR 1.7 billion. The Company is among the leading reinsurance providers in the MENA region. Established in 2008 as a composite reinsurer, Saudi Re offers a wide range of treaty and facultative reinsurance solutions, The Company holds Moody’s A2 rating and S&P A- rating with a Positive Outlook.Saudi Re operates in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India. The Company is regulated by the Saudi Arabian Insurance Authority.

Saudi Re to take a strategic minority stake in AdA in support of the Company’s targeted growth strategy London and Riyadh — [July 14, 2026] — AdA Risk Holding Co Limited (“AdA”) today announced a strategic minority investment from Saudi Reinsurance Company (“Saudi Re”). The new partnership represents a natural development in AdA and Saudi Re’s established relationship. The transaction represents a significant milestone in AdA’s journey, with the introduction of a high-quality, long-term strategic partner. The transaction positions AdA further to establish itself as a differentiated, high-quality specialty underwriting platform within the Lloyd’s market. “We are delighted to welcome Saudi Re as a strategic partner, a business with whom we have worked closely since AdA was first established in 2023. This partnership will be instrumental as we continue to expand our underwriting platform and execute on our long-term strategy at Lloyd’s”, said Natasha Jodrell, CEO of AdA. “Partnering with AdA marks an exciting new chapter for Saudi Re. As a differentiated specialty Lloyd’s underwriting platform led by an experienced and results-driven management team, AdA is primed for a strong future. This strategic investment builds upon our past success and strengthens Saudi Re’s foothold in the Lloyd’s market. Furthermore, it drives our global growth strategy forward and aligns with our goals to diversify our portfolio and develop specialty reinsurance solutions, creating value for its shareholders and clients.”, said Ahmed Al-Jabr, CEO of Saudi Re. Howden Capital Markets & Advisory acted as exclusive financial advisor to AdA. Clyde & Co. acted as legal advisor to AdA. Saudi Re was advised by PwC and Willkie Farr & Gallagher. ABOUT ADA: AdA is a London-based specialty underwriting business focused on delivering disciplined, high-quality underwriting across Energy, Marine, Cargo, Specie, and Aviation classes. Founded in 2023 by Natasha Jodrell, James Grainger, and Paddy Riordan, the business was established with the ambition of building a leading specialty Syndicate within Lloyd’s. AdA initially launched via a Special Purpose Arrangement (“SPA”) hosted by Probitas Managing Agency for the 2024 Year of Account, subsequently transitioning to a full syndicate following Lloyd’s approval for the 2026 Year of Account. The business is led by an experienced management team with deep sector expertise. AdA has rapidly established a strong market position, underpinned by disciplined underwriting and a focused portfolio strategy. For information visit https://ada-uw.com/. ABOUT SAUDI RE: Saudi Re is a Public Investment Fund portfolio company listed on the Saudi Exchange with a paid-up capital of SAR 1.7 billion. The Company is among the leading reinsurance providers in the MENA region. Established in 2008 as a composite reinsurer, Saudi Re offers a wide range of treaty and facultative reinsurance solutions, The Company holds an S&P A- rating with a Positive Outlook and a Moody’s A2 rating with a Stable Outlook. Saudi Re operates in more than 40 markets across the Middle East, Asia, and Africa through its headquarters in Riyadh and its branches in Malaysia and India. The Company is regulated by the Saudi Arabian Insurance Authority.