Nomination to the Board of Directors Membership

Saudi Reinsurance Company (Saudi Re) announces to its shareholders the opening of the nomination for membership of the Board of Directors of the company for the next Four-year period beginning on 24/11/1447 H corresponding to 11/05/2026 and ending on 07/01/1452 H corresponding to 10/05/2030.

For those who meet the legal conditions and qualifications for membership and in accordance with the terms, conditions and requirements included in the regulatory provisions, especially the guidelines issued by the Insurance Authority regarding the requirements for appointments to leadership positions, the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority, , ad the Corporate governance issued by the Insurance Authority, as well as the policy, criteria and procedures for nomination to the Board of Directors of the Company, as well as the regulations applicable to the appointment of directors.

Nomination
Criteria and Conditions:

1. Each shareholder
shall be entitled to nominate his / herself to the membership of the Board
within the limits of his/her ownership percentage in the company’s capital.

2. The candidate
has the necessary academic and practical experience, especially in leading a
listed company and specializing in insurance and reinsurance or in the
investment sector, in addition to integrity, honesty , dedication and
managerial skills that contribute to strengthening the leadership role of the
company.

3. The candidate
should not be a member of the board of directors of more than five joint-stock
companies listed in the Saudi market simultaneously.

4. The candidate
should not have been previously convicted by a judicial ruling or a crime
involving moral dishonor or breach of trust

5. The candidate
should not be insolvent or bankrupt.

6. The candidate
should not be a member of the board of directors or a member of a sub-committee
or hold a leadership position in another Saudi insurance and/or reinsurance
company.

7. The candidate
should not have engaged in misconduct in financial markets or commercial
activities.

8. The candidate
should have academic and practical experience.

9. The candidate
must comply with the provisions of the applicable laws, regulations and
instructions.

10. The candidate
is committed to allocating sufficient and appropriate time to perform his/her
duties and responsibilities related to the membership.

11. The candidate
must possess independence and the ability to make decisions.

12. The nominee
must not have conflict of interests.

13. Integration
of the candidate’s experiences with the experiences of the rest of the board
members.

14. The candidate
appointment must not conflict with the minimum number of independent members
required by laws and regulations.

Nomination
Requirements:

All forms must be
filled in both Arabic and English in order to comply with the regulatory
requirements, please note that any application for candidacy that does not
fulfill the following requirements will be excluded:

1. Completing and
signing the nomination form (attached) in both Arabic and English by the
candidate and filling the attached tables, taking into account the periods and
deadlines stipulated in the company’s announcement, as well as in the relevant
laws, regulations, circulars and related decisions.

2. Fill out the
Fit & Proper form issued by the Insurance Authority (attached) and provide
the company with a complete and signed copy in the nomination application (PDF)
and an electronic copy in (Word) format identical to the signed copy. The
candidate can obtain the form (Fit & Proper Form) from the Insurance
Authority’s website: https://www.ia.gov.sa/apply-for-licenses .

3. Fill out the
Form (3) – Candidate CV Form – issued by Capital Market Authority (attached)
and provide the company with a complete and signed copy in (PDF) format and an
electronic copy in (Word) format identical to the signed copy, the candidate
can obtain the form from the Capital Market Authority’s website: https://cma.gov.sa/RulesRegulations/FormsSite/Pages/default.aspx
.

4. Attaching the
Candidate`s resume, academic qualifications, previous and current scientific
and practical experience in Arabic and English.

5. Attach a clear
copy of the ID (Passport, National ID, GCC ID, Resident ID), contact
information of the candidate, proof of address / national address and e-mail
address.

6. A statement of
the companies or establishments in which the candidate participates in the
management or ownership of the company and conducts business similar to
insurance and/or reinsurance business or have contracts or common interests
with the company in Arabic and English.

7. If the
candidate is elected to the Board of Directors, the candidate shall submit the
required disclosures in accordance with the Conflicts of Interests Policy of
the members of the Board of Directors and the members of the Board Committees.

8. If the
candidate or his/her representative has any direct or indirect interests with
the company, he/she must submit a detailed statement in addition to any
information related to any contract in which the company is a party and in
which the candidate has a substantial interest, or if the candidate
participates in any activity that could compete with the company’s business.

Applications Submission Method:

1-By hand at Saudi Re’s HQ at the following address:

4130 North Ring Branch Rd, Al Wadi Dist, Riyadh 13313 – 6684, Kingdom Of Saudi Arabia.

2- Via email at: Nomination@saudi-re.com

For any further questions or inquiries, please contact the Investor Relations Department during the official working hours at:

– Phone: +966-11-510-2000 Ext 181

– E-mail: Invest@saudi-re.com