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.

Saudi Reinsurance Company “Saudi Re” reported a net profit after Zakat of SAR 46.7 million in the first quarter of 2026, representing a 32% increase compared to SAR 35.4 million in the corresponding period of the previous year. The first quarter results were driven by resilient underwriting and positive investment returns. Insurance revenue in Q1 2026 recorded a significant 73% year-on-year increase, reaching SAR 560 million. Continued expansion across various lines of business in Saudi Arabia and international markets supported this growth. Gross Written Premiums in Q1 2026 jumped by 37% to SAR 2.38 billion, up from SAR 1.74 billion in the same period last year.   Commenting on the results, Saudi Re CEO Ahmed Al-Jabr, stated: “The strong results achieved in the first quarter reflect Saudi Re’s disciplined underwriting approach and prudent investment strategy. Saudi Re has maintained its balanced business model, focusing on improving net income while expanding the scope of its operations.” He added: “We are progressing toward our strategic goals, backed by the strength of our financial position and our increasingly competitive market standing, ensuring our resilience and sustainability of our performance.”       About Saudi Re: Saudi Reinsurance Company “Saudi Re”, a Public Investment Fund portfolio company, is listed on the Saudi Exchange. The company has the largest paid-up capital in MENA, standing at SAR 1.7 billion (US$453 million). Saudi Re is rated ‘A-’ by S&P with a positive outlook, and A2 by Moody’s, reflecting its strong financial standing. The company operates in more than 40 markets across the Middle East, Asia, and Africa. Regulated by the Saudi Arabian Insurance Authority, Saudi Re conducts its operations from its headquarters in Riyadh and branches in Malaysia and India.