the Completion of PIF Transaction

Saudi Re announces an agreement with UK-headquartered insurance company Aviva Insurance Limited or the sale of Saudi Re’s entire 49.9% stake in Probitas Holdings (Bermuda) Limited including its subsidiaries, for a consideration of GBP 120 million subject to final closing adjustments. Commenting on the transaction, Fahad Al-Hesni, Managing Director and CEO of Saudi Re, said “We believe the transaction will enable Saudi Re to strengthen its competitive position and reorient our financial resources towards new growth opportunities domestically and internationally.” Al-Hesni further noted that the transaction was agreed on terms very attractive to Saudi Re and creates a substantial shareholder value, generating nearly five times return on the initial investment. As Saudi Re embarks on an ambition growth journey, the proceeds will further reinforce Saudi Re’s capital base and provide ample support for future expansion and diversification. The transaction is subject to customary closing conditions, including regulatory approvals from relevant authorities and is expected to close in mid-2024. Tadawul Announcement  

Introduction The Board of Directors of Saudi Reinsurance Company “Saudi Re” (the “Company“) is pleased to invite its honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting) which will be held virtually through means of modern technology scheduled at 7 PM on Tuesday 23/06/1446H (corresponding to 24/12/2024G). City and Location of the Extraordinary General Assembly’s Meeting Kingdom of Saudi Arabia – Riyadh City – Company’s Head Office – Via Means of Modern Technology using Tadawulaty system. URL for the Meeting Location https://www.tadawulaty.com.sa Date of the Extraordinary General Assembly’s Meeting Tuesday 23/06/1446H (corresponding to 24/12/2024G). Time of the Extraordinary General Assembly’s Meeting 7 PM Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the Company’s shareholders register at the Depositary Center by the end of the trade session prior to the general assembly meeting are entitled to attend in accordance with the laws and regulations. A shareholder’s right to register its 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 quorum of the meeting of this assembly requires the attendance of a number of shareholders representing at least 50% of the Company’s capital, in accordance with the provisions of Article 33 of the Company’s bylaws. In the event that this quorum is not available at the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid  if attended by a number of shareholders representing at least 25% of the capital. Meeting Agenda 1. Vote on the recommendation of the Company’s board of directors to increase its capital by issuing 26,730,000 new ordinary shares with suspension of pre-emptive rights as follows:a. Increasing the share capital from 891,000,000 Saudi Riyals divided into 89,100,000 ordinary shares  of equal value, to 1,158,300,000 Saudi Riyals divided into 115,830,000 ordinary shares of equal value with the suspension of pre-emptive rights, by way of issuing 26,730,000 new ordinary shares (representing 30% of the Company’s current capital)  with a nominal value of 10 Saudi riyals per share, at an offer price of 16 Saudi Riyals per share (the “New Shares”) with a total subscription amount of 427,680,000 Saudi Riyals. The New Shares will be fully subscribed to by the Public Investment Fund (“PIF”), so that PIF’s ownership in the share capital of the Company will be 23.08% after the capital increase.b. PIF’s subscription right shall commence on the date of the extraordinary general assembly meeting that resolves to increase the capital by offering shares while suspending pre-emptive right.c. Amending Article 8 of the Company’s bylaws related to the capital increase. (attached) 2. Vote on the amendment of the article (15) of the Company’s bylaws related to the company`s management (attached). 3. Vote on the amendment of article (11) of the Company’s bylaws related to the Company’s issuance of shares. (attached) 4. Vote on the amendment of the article (18) of the Company’s bylaws related to the board of directors’ powers. (attached) 5. Vote on the amendment of the article (45) of the Company’s bylaws related to Zakat and Reserves. (attached) 6. Vote on the amendments of Company’s bylaws to comply with the new Companies Law, and rearranging the articles of the bylaws and their numbering, to align with the proposed amendments. (attached). 7. Vote on the amendment of the Corporate Governance Policy (attached). 8. Vote on Business Competition Standards (attached). 9. Vote on the appointment of Company’s auditors from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third quarters and the annual financial statements for the financial year 2025G, and the first quarter of the financial year 2026G, and determine their fees (Attached). The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Eligibility for registering the attendance of the General Assembly’s Meeting ends once the General Assembly Meeting is convened. Eligibility for voting on the agenda items of the Meeting ends once the Counting Committee concludes counting the votes. Details of the electronic voting on the Assembly’s agenda Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. Shareholders can vote remotely on the General Assembly Meeting’s agenda via (E-voting Service) of Tadawulaty, by clicking on the following link: www.tadawulaty.com.saVoting on the items of the General Assembly agenda online will start from 1:00 AM on Friday, 19/06/1446H (corresponding to 20/12/2024G), until the end of the Extraordinary General Assembly. Method of Communication For inquiries, please contact the Investors relations department on +966 11 510 2000 ext. 181You can also direct your inquiries to the email of the Investor relations Department on:Invest@saudi-re.com

With reference to the approval of the Capital Market Authority on 23/05/1446H (corresponding to 25/11/2024G) of the capital increase of Saudi Reinsurance Company (the “Company“) by issuing shares with suspension of preemptive rights, whereby the capital will increase from 891,000,000 Saudi Riyals to 1,158,300,000 Saudi Riyals through offering 26,730,000 new ordinary shares with a nominal value of 10 Saudi Riyals per share, at an offer price of 16 Saudi Riyals per share and a total value of 427,680,000 Saudi Riyals, and the Company’s announcement on the Tadawul website on 02/06/1446H (corresponding to 03/12/2024G) inviting its shareholders to attend the Extraordinary General Assembly meeting that includes the increase to the Company’s capital. The Company wishes to provide information related to the offering before the Extraordinary General Assembly, which is scheduled to be held, God willing, at 7 PM on Tuesday 23/06/1446H (corresponding to 24/12/2024G). at the Company’s headquarters located in Riyadh and through modern means of technology using the Tadawulaty service website, to vote on the capital increase and the amendment of the Company’s bylaws, the Company would like to announce to its shareholders and the public the share issuance with suspension of preemptive rights prospectus is available and attached below, which has been published on the website of the Capital Market Authority. Noting that offering the share issuance with suspension of preemptive rights shares under the prospectus is subject to the approval of the shareholders at the above-mentioned Extraordinary General Assembly meeting.

Introduction Saudi Reinsurance Company Announces the Results of the Ordinary General Assembly Meeting, (First Meeting) held at 7:00 pm after reaching the required quorum. The Meeting was chaired by the Chairman of the Board Mr. Hesham Al-Sheik City and Location of the General Assembly’s Meeting The Meeting was held remotely at the company’s head office in the city of Riyadh through means of modern technology. Date of the General Assembly’s Meeting 2023-05-11 Corresponding to 1444-10-21 Time of the General Assembly’s Meeting 19:00 Percentage of Attending Shareholders 58.30% Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees – Present Members: 1- Mr. Hesham Al-Sheikh – Chairman 2- Mr. Mishari Al-Mishari – Vice Chairman 3- Mr. Fahad Al-Hesni- MD , CEO 4- Mr. Mohammad Al-Otaibi 5- Mr. Ahmed Sabbagh 6- Mr. Jean-Luc Gourgeon 7- Eng. Hussam Al-Suwailem 8- Dr. Peter Hugger 9- Mr. Marc Maupoux 10- Mr.Turki Al-Sudairy 11- Mr.Abdulatif Al-Fozan – Absent Members All Board members have attended Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf 1. Mr. Hesham Al-Sheikh – Chairman of the Investment Committee & Executive Committee 2. Mr. Mohammad Al-Otaibi – Chairman of the Risk Management Committee 3. Mr. Jean-Luc Gourgeon – Chairman of the Technical Committee 4. Mr. Marc Maupoux – Chairman of the Nomination and Remuneration Committee. 5. Mr. Hisham Al-Akil – Chairman Of the Audit Committee Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1. Reviewed and discussed the Board of Directors report for the fiscal year ending on 31/12/2022. 2. Approval on the external auditors’ report of the fiscal year ending on 31/12/2022. 3. Reviewed and discussed the financial statements for the fiscal year ending on 31/12/2022. 4. Approval to absolve the members of the Board of Directors from liability for the fiscal year ending on 31/12/2022. 5. Approval on the appointment of the Company’s auditors from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third quarters and annual of the fiscal year of 2023 and the first quarter of year 2024, and determine their fees and they are: – KPMG Professional Services, Certified Public Accountants. – BDO Dr.Mohamed Al-Amri & Co. 6. Approval on reinsurance contracts concluded between the company and Probitas Corporate Capital Ltd, in which there is an indirect interest for the Chairman of the Board of Directors Mr. Hesham Abdulmalik Al-Shaikh, MD/CEO Mr. Fahad Abdulrahman Al-Hesni, and Board Member Mr. Jean-Luc Gourgeon, as representatives for Saudi Re, for their membership in the Board of Directors of Probitas Holding (Bermuda) Ltd., the parent company of Probitas Corporate Capital Ltd. Also, there is an indirect interest for Board Member Mr. Jean-Luc Gourgeon for his membership in the Board of Directors of Probitas Corporate Capital Ltd., noting that the value of transactions during the financial year ending 31/12/2022 is 158,704,085 Saudi Riyals, without preferential treatment 7. Approval on the business and contracts that will be concluded between the company and the board of directors of the company Mr.Jean-Luc Gourgeon in it which is to provide consulting services in the field of reinsurance, noting that the value of the contract for the financial year ending 31/12/2022 amounted to 188,983 Saudi Riyals without preferential treatment. 8. Approval on disbursing an amount of 1,900,000 Saudi Riyals as a remuneration to the members of the Board of Directors for the financial year ending 31/12/2022. 9- Approval voting on the election of the members of the Board of Directors from among the candidates for the next session, which starts from the date (11/05/2023) and its duration is three years, as it ends on (10/05/2026) and they are : 1- Abdulrahman Ibrahem Al-Jalal 2- Abdulatif Ali Al-Fozan 3- Turki Salman Al-Sudairy 4- Hussam Bandar Al-Suwailem 5- Kubra Ghulam Radhi 6- Abdulaziz Abdulhamid Al-Bassam 7- Waleed Abdulrahman Al-Monie 8- Abdulaziz Abdulrahman Al Shiekh 9- Mosa Abdulaziz Bin Akresh 10- Ahmad Mohammed Sabbagh 11- Fahad Abdulrahman Al-Hesni

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 virtually through means of modern technology scheduled at 19:00 on Thursday 21/10/1444 H corresponding to 11/05/2023. 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 Electronic voting: Shareholders registered in “Tadawulaty” services can vote on the items of the General Assembly starting from 01:00 a.m. Sunday Morning 17/10/1444 H corresponding to 07/05/2023 until the end of the General Assembly, and registration and voting on Tadawulaty will be available and free for all shareholders using the following link: www.tadawulaty.com.sa Date of the General Assembly’s Meeting: Thursday 21/10/1444 H corresponding to 11/05/2023. Time of the General Assembly’s Meeting: 19:00 Attendance Eligibility: Shareholders Registered in the company’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations. Eligibility for Attendance Registration and Voting: Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes. Quorum for Convening the General Assembly’s Meeting: In order for this assembly to be valid, a number of shareholders representing 25% of the capital is required. If this quorum is not available at the first meeting, a second meeting will be held One hour after the end of the first meeting period. The second meeting shall be valid irrespective of the number of shares represented therein. Method of Communication: For inquiries, please contact the Investors relations department on +966 11 510 2000 ext. 181 Also you can direct your inquiries to the email of the Investor relations Department on: Invest@saudi-re.com General Assembly Meeting Agenda: 1. View and discuss the report of the Board of Directors for the fiscal year ending on 31/12/2022. 2. Voting on the external auditors’ report of the fiscal year ending on 31/12/2022.  3. View and discuss the financial statements for the fiscal year ending on 31/12/2022. 4. Vote to absolve the members of the Board of Directors from liability for the fiscal year ending on 31/12/2022. 5. Voting on the appointment of the Company’s auditors from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third quarters and annual of the fiscal year of 2023 and the first quarter of year 2024, and determine their fees. 6. Voting on reinsurance contracts concluded between the company and Probitas Corporate Capital Ltd, in which there is an indirect interest for the Chairman of the Board of Directors Mr. Hesham Abdulmalik Al-Shaikh, MD/CEO Mr. Fahad Abdulrahman Al-Hesni, and Board Member Mr. Jean-Luc Gourgeon, as representatives for Saudi Re, for their membership in the Board of Directors of Probitas Holding (Bermuda) Ltd., the parent company of Probitas Corporate Capital Ltd. Also, there is an indirect interest for Board Member Mr. Jean-Luc Gourgeon for his membership in the Board of Directors of Probitas Corporate Capital Ltd., noting that the value of transactions during the financial year ending 31/12/2022 is 158,704,085 Saudi Riyals, without preferential treatment 7. Voting on the business and contracts that will be concluded between the company and the board of directors of the company Mr.Jean-Luc Gourgeon in it which is to provide consulting services in the field of reinsurance, noting that the value of the contract for the financial year ending 31/12/2022 amounted to 188,983 Saudi Riyals without preferential treatment. 8. Vote on disbursing an amount of 1,900,000 Saudi Riyals as a remuneration to the members of the Board of Directors for the financial year ending 31/12/2022. 9. Cumulative voting on the election of the members of the Board of Directors from among the candidates for the next session, which starts from the date (11/05/2023) and its duration is three years, as it ends on (10/05/2026). (CVs of candidates are attached)

The Saudi Reinsurance Company (Saudi Re) announced the appointment of the Bahrain Institute for Banking and  Finance (BIBF) to lead the development of the Future Leaders Programme 2023 launched by Saudi Re, to train and employ Saudi graduates with a BA or MA degrees. The programme aims to empower graduates to become among the next generation of leaders in the insurance and reinsurance industry. The programme that runs over the course of a year, offers a rich learning experience led by experts in the insurance sector, with a focus on building a solid foundation of technical knowledge and business skills. The programme is designed to suit bachelor’s and master’s degrees graduates in various disciplines including insurance, actuarial science, risk management, accounting, financial management, engineering, information technology, and law. The Manager of Human Resources and Administration at Saudi Re, Mona Al-Jehani, said: “We aspire to build a strong national talent base that contributes to creating a promising future for the insurance and reinsurance sector through the Future Leaders Programme, which helps trainees to acquire specialised technical knowledge and professional certificates, in addition to developing their practical skills through on-the-job training.” Mona Al Jehani also added: “We build on previous successes with the BIBF to lead the programme and apply the highest level of specialised training competencies in the field of insurance and reinsurance. Manal Mashkoor, Head of the Insurance Centre at the Bahrain Institute of Banking and Finance (BIBF), welcomed this new collaboration with «Saudi Re», saying: “We are pleased to continue our partnership with «Saudi Re» in developing the future human capital of Saudi Re and the Saudi insurance market at large which is achieved through scientific assessment and selection of candidates and provision of international training combined with local best practices. The BIBF is proud to be part of Saudi Re journey into moving from a regional to an international reinsurer. The training programme is designed to strike the right balance between developing technically sound practitioners and giving adequate attention to the equally important interpersonal competencies and skills.”