Saudi Re is pleased to announce receiving the required approvals from the Saudi Arabian Monetary Authority (SAMA) and also from Lloyd’s of London to proceed with the deal to purchase 49.9% of the ordinary shares of Probitas Holdings (Bermuda) Limited (PHBL). Announcement on Tadawul – 1/10/2017Announcement on Tadawul – 27/9/2017

Moody’s Investors Service «Moody’s» maintains its A3 Insurance Financial Strength Rating (IFSR) of Saudi Reinsurance Company «Saudi Re», with a stable outlook. Moody’s said Saudi Re’s A3 rating reflects its strong market position and brand in Saudi Arabia as the sole professional reinsurer in the Kingdom and its growing presence in the target markets of Asia, Africa and Lloyd’s. The rating further reflects Saudi Re’s preferential status in the Saudi market due to the right of first refusal of part of premiums ceded by direct insurance companies in the local market. Furthermore, Moody’s mentioned other elements of strength including Saudi Re asset quality strength, which is reflected in the reinsurer’s conservative investment portfolio, good capital adequacy, both in terms of capital levels, and relatively modest exposure to natural catastrophe risk, and, strong financial flexibility with non-existent leverage and good access to capital markets in Saudi Arabia, and broad investor base. According to Moody’s, the stable outlook rating reflects its expectation that Saudi Re will maintain its recent improvements in profitability, while maintaining its strong assets quality, capital adequacy and adequate level of reserves. Commenting on the A3 rating, Fahad Al-Hesni, Managing Director and CEO of Saudi Reinsurance Company, said that: “maintaining the rating will help strengthen our competitive position, reinforce the confidence of our clients and regulators, and increase our business growth opportunities in the global markets, where the A rating is one of the main requirements for dealing with reinsurers to ensure their financial ability.”

Saudi Re announce the approval on the election of members of the Board of Directors for a period of three years for the period from 11/05/2020 to 10/05/2023, and their names are: Mr.Hisham Abdulmalik Al-Shaikh Mr. Fahad Abdulrahman Al-Hesni Dr. Peter F. Hugger Mr. Ahmed Sabbagh Mr. Marc Maupoux Mr. Meshari Al Hussain Mr.Jean-Luc Gourgeon Mr.Mohammad Al Otaibi Eng.Hussam Alsuwailem

  Saudi Re and RMS, the world’s leading catastrophe risk solutions company, announce a new agreement with Saudi Re adopting RMS models and services for a more comprehensive view across the Asian market. The agreement will enable Saudi Re to enhance risk analysis across multiple geographies including India, China, and the Philippines. Saudi Re continues to grow its activities and client base in the Asian market, and is further enhancing its ‘in-house’ capability of assessing risks particularly in this expanding region. “Our clients know and expect the best insights, service and quality from Saudi Re,” said Fahad Al-Hesni, MD-CEO at Saudi Re. “The new agreement with RMS will help ensure the continued delivery of these standards, through applied use of leading science and technology. Being the first to acquire RMS models in the Saudi and Gulf Cooperation Council (re)insurance market, we expect that our use of RMS models under this new agreement, will increase value, and ultimately profitability, to all our global clients when managing their risk.” RMS EVP Client Development Pat McCarthy said, “We are honored to be working with Saudi Re. With this deal, the reinsurance and insurance markets in the Middle East and Saudi Arabia are able to take full advantage of the latest science and technology to help navigate the evolving risk landscape. Our continued investment in our models and services aims to give Saudi Re full confidence that it will be in the best position to proactively support their own clients and goals.”

Saudi Reinsurance Company  (Saudi Re) announces the results of the Extraordinary General Assembly meeting including Capital Increase  (the second meeting), which was held at 19:30 on 04/12/1442 H – 14/07/2021 an hour after the specified time of the first meeting due to non-completion of the quorum of the first meeting. City and Location of the General Assembly’s Meeting Kingdom of Saudi Arabia, Riyadh via modern technology means Date of the General Assembly’s Meeting 04/12/1442 H – 14/07/2021.        Time of the General Assembly’s Meeting: 19:30                                            Percentage of Attending Shareholders: 29%         Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees: -Hesham Abulmalik Al-Alsheikh (Chairman) – Mishari Ibrahim Mishari Al-Hussain (Vice Chairman) -Fahad Abdulrahman AlHesni -Mohammad Omair Alotaibi -Ahmed Alsabbagh -Jean-Luc Gourgeon -Hussam Alsuwailem -Dr. Peter Hugger Absent member: Marc Maupoux Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf: Hesham Abulmalik Al-Alsheikh (Chairman of the Executive and Investment Committees) Mohammad Omair Alotaibi (Chairman of the Risk Management Committee) Jean-Luc Gourgeon (Chairman of the Technical Committee) Hisham Al-Akil (Chairman of Audit Committee) Voting Results on the Items of the General Assembly’s Meeting Agenda:

Saudi Re announces that it has received the annual Shariyah Audit Report for the year 2020 from its Shariyah Advisor on 03/08/2021. The report, reference SRE-683-03-01-03-21, contains the Shariyah approval from the Shariyah Advisor, the Shariyah Review Bureau (SRB), in line with the prior years’ reviews, on the following functions: 1. Separation of Accounts (Shareholder & Policyholder) 2. Compliance of Shareholder & Policyholders Investments with Shariyah The SRB will lead the ongoing supervision and monitoring of the Company with regards to the above-mentioned functions and related processes from a Shariyah perspective. It will also engage the Shariyah Audit to investigate and evaluate the extent of its adherence with directed Shariyah policies and guidelines and to report any defective processes.