Saudi Reinsurance Company (Saudi Re), listed on the Saudi Exchange (Tadawul), announced on April 6, 2022 that the board of directors recommended increasing the company’s capital by 50% through a rights issue. The SR 445.5 million rights issue will increase the capital from SR 891 million to SR 1.336 billion. Accordingly, the number of shares will increase from 89.1 million to 133.65 million.  The move aims to strengthen Saudi Re’s capital base and support its future expansion activities.  The capital increase is subject to the approval of the Saudi Central Bank (SAMA), the Capital Market Authority (CMA), and other regulatory authorities, in addition to its extraordinary general meeting.  Furthermore, the company will announce the appointment of a financial advisor and submission of the capital increase application file in due course.  In 2021, Saudi Re successfully completed a capital increase to SR 891 million from SR 810 million by capitalizing SR 81 million from retained earnings. The capital increase was done through a 1-for-10 bonus share distribution.  “Saudi Re has attained a annual compound growth rate of 19% over the past three years, as we expand our activities across more than 40 markets in the Middle East, Asia and Lloyd’s Market in the United Kingdom and Africa,” commented Fahad Al-Hesni, Managing Director and Chief Executive Officer, Saudi Re.  “Our Gross Written Premium (GWP) increased scale by 19.3% to SR 1.1 billion in 2021, marking the highest premium level achieved in the history of Saudi Re and reinforcing our status among the top-ranked Middle Eastern reinsurers,” he said.  Saudi Re has developed its strategy towards 2026, which focuses on solidifying its presence in its home market, as well as diversifying in international markets.  “In line with our long-term strategy towards 2026, we have set out with an ambition to evolve and diversify as a company that can reliably serve the risk and growing reinsurance needs of the Kingdom, aiming to become among the top 50 global reinsurers,” stated Al-Hesni.  Despite challenging market conditions, Saudi Re maintained its track record of profitability in 2021 by registering a net profit of SR 38.3 million, resulting in a 4.4% growth in total shareholders’ equity to SR 964 million by the end of 2021.  Saudi Re has maintained its Insurance Financial Strength Rating (IFSR) at “A3” with a stable outlook from Moody’s Investors Service (Moody’s), reflecting industry expectations for the company to maintain profitability, capital adequacy, adequate level of reserves and strong asset quality demonstrated by its investment portfolio.

The Board of Directors of the Saudi Reinsurance Company “Saudi Re” is pleased to announce to its shareholders the start date of the electronic voting on the items of the Ordinary General Assembly meeting which will be held at 19:00 on Wednesday 10/10/1443H corresponding to 11/05/2022 In the interest of the safety of dealers in the financial market and in support of the preventive and precautionary efforts and measures by the relevant health authorities to address the Corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia in taking the necessary preventive measures to prevent its spread, it has been sufficient by holding the ordinary general assembly meeting via the means of modern technology remotely and suspending it in attendance. Accordingly, registration and attendance in the assembly will be restricted to entering into a deliberative system, and voting on the assembly’s items will be limited only to electronic voting.Electronic voting will be available for shareholders registered in the (Tadawulaty) services website, starting from 10 a.m. on Saturday 06/10/1443H corresponding to 07/05/2022 and will continue until the end of the General Assembly on Wednesday 10/10/1443H corresponding to 11/05/2022., noting that the registration on the Tadawulaty Services website Available on the link www.tadawulaty.com.sa and voting is available free of charge to all contributors.For any further questions and inquiries, please contact the Investor Relations Department at:E-mail: Invest@saudi-re.com, Phone: +966-11-510-2000 Ext. 181.

Saudi Re announces receiving (IA) approval on 24/10/1443H corresponding to 25/05/2022 to increase the company’s capital from 891 Million SAR to 1,336.5 Million SAR by Offering Rights Issue, provided that the company fulfills all the requirements of other official authorities. Note that the approval is valid for one year from its date to complete the capital increase process

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. 181Also 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 treatment7. 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)

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 – Chairman2- Mr. Mishari Al-Mishari – Vice Chairman3- Mr. Fahad Al-Hesni- MD , CEO4- Mr. Mohammad Al-Otaibi5- Mr. Ahmed Sabbagh6- Mr. Jean-Luc Gourgeon7- Eng. Hussam Al-Suwailem8- Dr. Peter Hugger9- Mr. Marc Maupoux10- Mr.Turki Al-Sudairy11- Mr.Abdulatif Al-Fozan– Absent MembersAll 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 Committee2. Mr. Mohammad Al-Otaibi – Chairman of the Risk Management Committee3. Mr. Jean-Luc Gourgeon – Chairman of the Technical Committee4. Mr. Marc Maupoux – Chairman of the Nomination and Remuneration Committee5. 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 treatment7. 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-Jalal2- Abdulatif Ali Al-Fozan3- Turki Salman Al-Sudairy4- Hussam Bandar Al-Suwailem5- Kubra Ghulam Radhi6- Abdulaziz Abdulhamid Al-Bassam7- Waleed Abdulrahman Al-Monie8- Abdulaziz Abdulrahman Al Shiekh9- Mosa Abdulaziz Bin Akresh10- Ahmad Mohammed Sabbagh11- Fahad Abdulrahman Al-Hesni

“Saudi Re” announces that it has received on Sunday 15/11/1444 H corresponding to 04/06/2023 the Saudi Central Bank’s no-objection, via e-mail, to appoint the Chairman and Vice-chairman of the Board of Directors for the term of the Board of Directors that began on 11/05/2023 and ends on 10/05/2026 according to the following: First: Appointment of Mr. Abdulltaif Al Fouzan as Chairman of the Board of Directors. Second: Appointment of Mr. Turki Al Sudairy as Vice-Chairman of the Board of Directors.