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  English Introduction 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 at 8 pm on Monday 12/05/2025G corresponding to 14/11/1446H. through means of modern technology. 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 Date of the General Assembly’s Meeting:  12/05/2025G corresponding to 14/11/1446H Time of the General Assembly’s Meeting: 20:00 How the General Assembly is convened Via Modern Technology Means Attendance Eligibility: Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a 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 Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least one quarter of the capital. If the quorum is not available to hold this meeting, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented in it. General Assembly Meeting Agenda: Review and discuss the Directors’ Report of the fiscal year ending on December 31st, 2024.   Voting on the auditors’ report of the fiscal year ending on December 31st, 2024.   Review and discuss the annual financial statements of the fiscal year ending on December 31st, 2024.   Voting to absolve the members of the Board of Directors for the fiscal year ending on December 31st, 2024.   Voting on the business and contracts concluded between the Company and SAB Invest, in which the member of the Board of Directors, Mr. Abdulaziz Al-Bassam, has an indirect interest, due to his membership in the Board of Directors of SAB Invest, which is an investment advisory contract without preferential conditions, noting that the value of the contract is estimated at SAR 517,500.   Voting on the business and contracts concluded between the Company and Alpha Capital, in which the Chairman of the Board of Directors, Mr. Abdullatif Al-Fozan, has an indirect interest, due to his membership in the Board of Directors of Alfa Capital, which is an investment agreement in the Alpha Murabaha Fund, without preferential conditions, noting that the Murabaha Fund management fees are estimated at SAR 189,926.              Voting on disbursing an amount of 2,221,639 Saudi Riyals as a remuneration to the members of the Board of Directors for the financial year ending December 31st, 2024.     Voting on the Board of Directors’ resolution appointing Mr. Fahad bin Ibrahim Al Jomaih as a member of the Board of Directors (non-executive member) starting from the date of his appointment on 24/06/1446H (corresponding to 25/12/2024G) to complete the current Board term until 23/11/1447H (corresponding to 10/05/2026G).   Voting on the Board of Directors’ resolution appointing Mr. Mohammed bin Turki Al Sudairy as a member of the Board of Directors (non-executive member) starting from the date of his appointment on 24/06/1446H (corresponding to 25/12/2024G) to complete the current Board term until the 23/11/1447H (corresponding to 10/05/2026G).   Voting on the Board of Directors’ resolution appointing Mr. Christoph Thomas Fischer-Hirs as a member of the Board of Directors (independent member) to the vacant seat on the Board of Directors starting from the date of his appointment on 15/07/1446H (corresponding to 15/01/2025G) to complete the current term until 23/11/1447H (corresponding to 10/05/2026G) Proxy Form Press Here The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The shareholder has the right to discuss the topics on the agenda of the Assembly, ask questions, and the right to register attendance for the Assembly meeting ends at the time of the Assembly meeting. Also, the eligibility to vote on the items of the Assembly for those present ends when the counting committee finishes counting the votes. Shareholders can vote remotely on the agenda of the General Assembly through the (electronic voting) service by visiting the Tadawulaty website: www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda All shareholders can vote remotely on the agenda of the Assembly through the service (electronic voting) by visiting the website of Tadawulaty: www.tadawulaty.com.sa Voting on the items of the meeting will start from 01:00 am on Thursday 08/05/2025G corresponding 10/11/1446H to until the end of the time of the Ordinary General Assembly. Method of Communication in Case of Any Enquiries For inquiries, please contact the Investors relations department via telephone on +966 11 510 2000 ext. 181 or via email of the Investor relations Department at: Invest@saudi-re.com Additional Information None

Saudi Reinsurance Company “Saudi Re” announces receiving an upgrade on its credit rating from Moodey’s from A3 to A2 with a stable outlook.     The rating upgrade of Saudi Re to A2 reflects strengthened business and financial profiles following Saudi Arabia’s Public Investment Fund’s acquisition of a significant minority stake in Saudi Re and the implementation of enhanced domestic cession regulations, which Saudi Re is well positioned to take advantage of to support its market position and growth prospects in Saudi Arabia. Moody’s noted that following the successful completion of the  transaction with PIF and divestment of its holding in Probitas, Saudi Re’s shareholders’ equity increased by 75% to approximately SAR 2 billion in January 2025, up from SAR 1.14 billion at end of 2023. The rating agency highlighted that the involvement of PIF enhances Saudi Re’s business profile and provides access to additional capital to support its expansion locally and internationally. Commenting on the rating upgrade by Moody’s , Ahmed Al-Jabr, the CEO of Saudi Re said “we are very pleased to receive this recognition of Saudi Re’s financial strength and competitive position which provides assurance to our investors, regulators, clients, partners and all stakeholders, and reinforces their confidence in Saudi Re’s credit worthiness, financial standing and strategic direction.”  According to Moody’s, despite potential challenges arising from macroeconomic uncertainty and financial markets volatility, Moody’s expects Saudi Re’s profitability to remain good over the next 12-18 months, supported by both underwriting performance and investment returns. Saudi Re’s good geographical mix along with the development of new products will positively contribute to the continued diversification, mitigating potential challenges. Earlier in March this year, Saudi Re announced recommendation to increase its capital by 46.6% to reach SAR 1.7 billion through a bonus share distribution.

Saudi Reinsurance Company (Saudi Re) and Saudi Housing Guarantee Services Company (Damanat) have signed a Memorandum of Understanding (MoU) that establishes a collaboration framework between the two parties with the objective of developing insurance and reinsurance solutions for the mortgage financing sector. The MoU paves the way to design innovative risk management solutions that support the growth and stability of the mortgage financing sector, the housing program, and the financial sector’s development. As part of the MoU, both companies will collaborate on the technical matters for insurance product development and reinsurance services, including pricing models, underwriting mechanisms, and claims management. This partnership also seeks to align with international investors’ expectations and foster Saudi-international collaborations to enhance risk management in the mortgage financing industry. Commenting on the agreement, Ahmed Al-Jabr, CEO of Saudi Re, emphasized that the MoU lays the foundation for a constructive partnership that aligns efforts for sustainable growth in the insurance and mortgage financing sectors. He expressed Saudi Re’s keenness to working with Damanat to develop innovative solutions that contribute to both industries. Meanwhile, Osama Al-Othman, CEO of Damanat, highlighted the importance of collaboration between national companies in reinforcing insurance as a key driver of financial stability in critical economic sectors. He noted that this MoU marks the beginning of a strategic partnership that aligns with Saudi Arabia’s Vision 2030. The agreement serves as a broad framework to define areas of collaboration between the two entities, with a focus on developing future initiatives and projects that advance mutual interests.