the Completion of PIF Transaction

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.

Saudi Reinsurance Company (Saudi Re) has unveiled a robust financial performance for the first half of the current financial year 2023, recording a net profit before Zakat of SAR 82 million compared to SAR 34.8 million last year, with an increase of 135%. The Company’s first half year results also recorded an increase in its gross written premium by 32%, reaching SAR 1.2 billion driven by strong growth in the local market and the international markets. The six months results underscore improvement in the Company’s underwriting as well investment performance with positive contribution from the second quarter. Notably, reinsurance service results leaped by an impressive 397% in contrast to the previous year recording SAR 73 million. Similarly, investment income recorded a profit of SAR 26 million compared to recording loss from the previous period, driven by the reallocation of investment classes and interest rate hikes. Noteworthy, the total shareholders’ equity showed a growth of 13%, culminating at SAR 1.094 billion at the close of the period compared to last year period. Fahad Al-Hesni, the Managing Director and CEO of Saudi Re, stated that the first half result witnessed continued improvement in our performance across the various sectors we operate in, which reflects our effective strategy and efforts to grow profitably and diversify our book  of business while maintaining a solid financial position. He further mentioned that Saudi Re focused on harnessing the opportunities in light of the enhanced credit rating of the Company, the improvements in market conditions and the developments in the regulatory environment.