| 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. |
May 4, 2025
English Introduction The Board of Directors of Saudi Reinsurance Company “Saudi Re” is pleased to invite the honorable shareholders to participate and vote in
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