#1Investor Presentation Saudi Reinsurance Company TASI 8200 RIC 8200.SE ISIN SA1210540419 Saudi Re IR App: IOS Android Restricted 3 إعادة Saudi Re#22 Disclaimer إعادة Saudi Re This presentation has been prepared by the management of Saudi Reinsurance Co "Saudi Re" ("The Company"). It does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The information included in this presentation has been provided to you solely for your information and background and is subject to updating, completion, revision and amendment and such information may change materially. Unless required by applicable law or regulation, no person is under any obligation to update or keep current the information contained in this presentation and any opinions expressed in relation thereto are subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, accuracy, reasonableness or completeness of the information contained herein. Neither the Company nor any other person accepts any liability for any loss howsoever arising, directly or indirectly, from this presentation or its contents. This presentation may include forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company's results of operations, financial condition, liquidity, performance, growth, strategies and the industry. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause the Company's actual results of operations, financial condition, liquidity, performance, prospects, growth or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. The Company cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company's results of operations, financial condition, liquidity and growth and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The Company and each of its directors, officers and employees expressly disclaim any obligation or undertaking to review, update or release any update of or revisions to any forward-looking statements in this presentation or any change in the Company's expectations or any change in events, conditions or circumstances on which these forward- looking statements are based, except as required by applicable law or regulation. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe any such restrictions. This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. Restricted 3 www.saudi-re.com#3Radial Growth Saudi Re maintained a robust growth trajectory across most parameters of its business. Over the years, we have continued to grow outwards from our home in The Kingdom of Saudi Arabia - building an international presence in 40 + countries across MENA, Asia, Africa and Lloyd's Market in the UK. We have sharpened our focus on expansion into international markets, guided by our blueprint for the future, Strategy Towards 2026. Restricted 3 إعادة Saudi Re#44 Strategic Direction إعادة Saudi Re To cement its position as a national champion, Saudi Re has based its strategy on two key strategic objectives that foster its local and international growth Building and expanding its core through: Expansion into global markets Supporting the local O cession program and capturing up to 30% of total reinsured premiums by insurers in the Kingdom Leading and managing local reinsurance pools to manage risks in collaboration with international (re)insurers Leveraging its existing O international investments to diversify further geographically and institutionalize knowledge transfer to write local business International expansion into global markets for business and geographical diversification and for capturing of benefits scale Restricted 3 www.saudi-re.com#5Strategic Direction Ma إعادة Saudi Re G Scale Scale, which relates to increasing the economic scale, earnings and capital base, and building resilience to loss events. Diversification We aim at diversification, both geographically and also in terms of risk type, in which we endeavor to maintain a well balanced portfolio. Technical and operational capabilities We continually seek to develop our capabilities. These encompass technical capabilities, risk management capabilities, technological and operational capabilities, and human capital. Relationships We value strong relationships, especially with cedants, brokers, partners, and regulators. Our corporate brand is also a strong factor in our relationship building. Financial soundness Financial soundness is also a key facet in the robustness of our business. We need to retain our technical profitability, capital adequacy and ensure favorable returns on investment. 5 Restricted 3 www.saudi-re.com#66 Key Developments Saudi Re is poised to benefit from favorable market conditions Key Developments إعادة Saudi Re Effect of Saudi Re A 1492 PROBITAS Favorable Domestic Regulatory Developments Inherent Defect Insurance Program Implementation Growing Reinsurance Market ■ Regulatory initiatives strengthening the domestic reinsurance ecosystem ■ Successful implementation of the local cession mechanism towards gradual enforcement of minimum 30% local cession by 2025; phase 1 mandating 20% of reinsurance treaties in 2023 ■ Enforcement of the Inherent Defect Insurance (IDI) implementation maintained at 2022 levels, ■ Saudi Re acts as the exclusive reinsurer of IDI program ■ The Saudi insurance market recorded SAR 53.4 Billion gross written premium (GWP) in 2022, ranking it on the top of the Middle East ■ Saudi reinsurance market grew by 17% to SAR 8.7 B in 2022 Improved Credit Rating Obtaining A- rating from S&P ■ Marinating A3 rating from Moody's Strong Performance of Affiliate in Lloyds ■ Saudi Re affiliate Probitas Holding registered strong performance, and ranks among the top performing syndicates in Lloyds market ■ ■ Creating strong growth momentum for Saudi Re; SAR 1.07 Billion in Q1 2023 with 79% growth rate Reinforcing Saudi Re's competitive positon as the only local reinsurer in the Kingdom Supporting the expansion of the client base domestically and internationally ■ Access to better quality business and improving technical performance ■ Maintained a well-diversified portfolio with 44% international Business Restricted 3 www.saudi-re.com#77 Key Developments Saudi Re is poised to benefit from favorable market conditions Key Developments إعادة Saudi Re Effect of Saudi Re Hardening Market ■ Increased signs of market hardening on international level characterized by shortage of reinsurance and retrocession capacity and increases in pricing ■ Challenge to source retro capacity ■ Opportunity to benefit from price correction ☑Capital Strategy ■ Saudi Re announced stopping the rights issue considering the market dynamics Solvency position remains strong ■ Assessing venues for strengthening capital for growth support IFRS 17 ■ Started January 1, 2023, Saudi Re has adopted IFRS 17 and IFRS 9, as endorsed in Saudi Arabia Change in financial presentation Restricted 3 www.saudi-re.com#88 Underwriting Results Gross Written Premium 52 67 69 722 793 Building on a Sustainable Track Record of Performance 2018-2022 إعادة Saudi Re Strong Profitable Growth CAGR 18% 2018-2022 Solid Financial Position 71 2018 2019 2020 2021 2022 Restricted 3 127 935 CAGR 25% 2018-2022 1,116 1,403 Technical Reserves 2,459 Shareholders' Equity 686 33 833 2,654 1,028 877 2,848 1,202 923 3,171 1,423 967 Total Assets 2018 2019 2020 2021 2022 www.saudi-re.com 4,236 1,461 1,000 SAR M#99 Diversification Underwriting Portfolio Overview Diversified Growth Portfolio Mix - Line of Business, 2022 IDI 28% Others 14% إعادة Saudi Re Portfolio Mix - Geographical, 2022 Other 11% Engineering 6% Fire 21% Asia 20% Marine 5% Africa Motor 3% 7% Speciality 11% Health 3% General Accident Protection 2% 3% ME 10% KSA 56% Restricted 3 www.saudi-re.com#10000 0 000 0000000000 00000000 000000000 Financial Performance 2022 Year-end & Q1 2023 00000 0.000000 Restricted 3 1000 0000 00 إعادة Saudi Re#11Financial YOY Comparison Sustainable profitability Gross Written Premiums CAGR 22.4% FY 2022 FY 2021 FY 2020 Combined Ratio FY 2022 96.6% FY 2021 FY 2020 11 96.4% 1,116 1,403 إعادة Saudi Re Contribution (Net Earned Premium - Net Claims Incurred) Net Underwriting Income FY 2022 332,847 FY 2022 FY 2021 289,418 FY 2021 72 935 FY 2020 Investment Income FY 2022 98.9% FY 2021 255,141 FY 2020 69 33 FY 2020 45 Restricted 3 EBT FY 2022 FY 2021 53 51 FY 2020 57 61 127 www.saudi-re.com#1212 Portfolio Mix - Line of Business 300 248 250 200 150 FY 2021 112 97 89 40 100 50 50 50 40 إعادة Saudi Re 181 167 133 0 0 Engineering Fire Marine Motor General Accident Protection Health Speciality IDI Others 450 395 400 350 295 300 250 FY 2022 200 199 159 150 100 87 100 63 50 47 36 22 0 Engineering Fire Marine Motor General Accident Protection Health Speciality IDI Others SAR M Restricted 3 www.saudi-re.com#1313 Analysis of Net Comprehensive Income 1,000,000 900,000 800,000 700,000 927,891 600,000 500,000 400,000 300,000 200,000 100,000 53,315 -595,044 -303,387 32,643 -5,359 إعادة Saudi Re 56,744 0 2021 Earned Premium Claims Incurred Expenses Investment & Other PH Surplus Payable 2022 Income Restricted 3 www.saudi-re.com#1414 Comparison between IFRS 17 & 4 - P&L (Re)Insurance revenue (A) (Re)Insurance service expenses (B) إعادة Saudi Re 2023-Q1 IFRS 17 & 9 129,289 (124,516) 2022-Q1 IFRS 17 & 9 161,630 (138,526) 2023-Q1 IFRS 4 211,849 (187,550) In Thousands, SAR 2022-Q1 IFRS 4 234,936 (176,650) Net income/expenses from retrocession contracts (C) 5,682 (21,336) (4,480) (26,107) Insurance service result D=(A+B+C) 10,454 1,769 19,818 32,179 Net investment income (E) 11,128 2,091 11,209 1,506 Finance income/(expenses) from (re)insurance contracts issued Finance income/(expenses) from retrocession contracts (8,822) 13,213 222 430 Net insurance finance income/(expenses) (F) Net insurance and investment result G=(D+E+F) (8,600) 12,982 13,642 17,502 0 31,027 0 33,684 Other Income Other finance costs Other operating expense (income) Share of profit of equity accounted investee Total income for year before zakat & tax Total Income attributed to reinsurance operations Net Income for year before zakat & tax attributable to shareholders Zakat & Income tax expense 21 64 21 47 (390) (145) (390) 0 (5,955) (5,572) (18,487) (20,578) 9,358 19,081 6,004 7,079 16,016 30,930 18,175 20,232 (103) (1,396) (716) (1,396) 15,913 29,534 17,459 18,836 (4,714) (3,630) (2,846) (3,630) Net income for the year after zakat & tax attributable to shareholders **Zakat & Income Tax expenses reflects the Deferred Acquisition Cost 11,200 25,904 14,613 15,206 deduction from Zakat Base Gross Claims and Exp. Ratio 96% 86% 89% 75% RI (income)/Exp. Ratio -4% 13% 2% 11% Net Claims and Exp. Ratio (Underwriting Ratio) 92% 99% 91% 86% Unattributable G&A Ratio Net Combined Ratio Total Combined Ratio 5% 3% 9% 9% 97% 102% 99% 95% Finance Expense/(Income) Ratio 7% -8% 0.0% 0.0% 103% 94% 99% 95% Restricted 3 www.saudi-re.com#1515 إعادة Analysis of Net Comprehensive Income Saudi Re Net Income for the year after Zakat and tax attributable to shareholders Other Comprehensive Income 2023-Q1 IFRS 17 & 9 2022-Q1 IFRS 17 & 9 2023-Q1 2022-Q1 IFRS 4 IFRS 4 Items that will not be reclassified to income statement subsequently Re-measurement of employee' end of service benefit obligations Financial investments at FVOCI - net change in fair value Items that may be classified to income statement subsequently Share of foreign currency translation reserve of an equity accounted investee Total Comprehensive Income for year Restricted 3 11,200 25,904 14,613 15,206 (1,019) (2,959) 857 (162) (1) 857 (1) (2,960) 857 (1) 11,038 22,944 15,470 15,205 www.saudi-re.com#16Segmental UW Results for Q1-2023 VS Q1-2022 IFRS 17 إعادة Saudi Re In Thousands, SAR KSA ME Africa Asia Other Total Reinsurance Revenue Current Comparative 50,892 11,705 1,669 30,452 34,572 129,289 70,234 17,742 1,941 42,671 29,043 161,630 Reinsurance Service Expenses Net income/Expenses From Retro Contracts Current Comparative Current Comparative Current (83,832) Reinsurance Services Results Comparative (6,969) (30,709) (14,557) 18,397 (8,322) (22,664) (1,575) (14,543) (3,587) 16,861 1,610 (3,124) 5,395 (5,101) (60,649) (7,598) (31,512) (124,516) (27,511) (138,526) (1,180) (3,147) (67) 5,682 36 2,896 (29) (21,336) 5,884 19,707 2,994 10,454 (15,081) 1,503 1,769 Engineering Reinsurance Revenue Reinsurance Service Expenses Net income / Expenses From Retro Contracts Reinsurance Services Results Current Comparative Current Comparative Current Comparative Current Comparative 1,498 (24,756) 18,008 (5,577) 2,793 1,857 (3,261) (2,495) Fire Marine Motor GA 8,126 28,129 7,661 8,118 13,559 7,575 38,524 9,214 10,129 9,157 10,348 (41,594) (2,924) (11,735) (4,673) (1,179) (43,283) 13,047 (7,412) (12,031) (466) 7,888 (1,943) (6,916) (4,538) Protection Health Specialty IDI Others Total 690 5,793 33,717 11,119 12,378 129,289 99 43,523 28,496 (6) 14,919 161,630 (6,578) (9,028) (30,485) (10,343) (17,322) (124,516) (4,139) (35,306) (27,272) (2,523) (18,374) (138,526) 114 311 0 0 4,522 2,170 5682 8 5,501 (139) 0 0 (365) 1,455 (21,336) (3,504) 2,725 1,970 (5,577) (3,415) 2,627 (4,233) 8,218 3,232 5,298 (2,775) 10,454 1,224 (2,894) (1,999) 1,769 16 Restricted 3 www.saudi-re.com#17Comparison between IFRS 17 & 4 Shareholders' Equity إعادة Saudi Re In Thousands, SAR EQUITY 2023 IFRS 17 (Unaudited) 2022 IFRS 17 (Unaudited) 2023 2022 IFRS 4 IFRS 4 SR SR SR SR Restated* Share capital 891,000 891,000 891,000 891,000 Statutory reserve 43,045 43,045 43,045 43,045 Retained earnings 105,016 100,725 81,347 68,678 Other reserves (11,839) (11,677) (1,850) (2,707) TOTAL EQUITY 1,028,442 1,017,404 1,013,543 1,000,016 17 Restricted 3 www.saudi-re.com#1818 Investments 1Q 2023 Composition Comparison and Performance Breakdown Shareholders' Funds Total Portfolio (SAR m) 932.9 948.24 920.2 870 824 156.8 164.89 163.9 147 126.5 50.53 36,96 0 204 91.6 0 174 317 502.9 Policyholders' Funds Total Portfolio (SAR m) 370 إعادة Saudi Re 642.8 625.61 25 560.2 105.33 98.3 342.1 338 D 435.33 436.4 600.61 537.44 461.9 370 337.7 406 404.29 290.23 228.3 2019 ■Money Market 2020 2021 2022 2023 2019 2020 2021 2022 2023 Fixed Income ■Global Equities GCC/Saudi Equities Others Money Market Fixed Income YTD YTD YTD YTD Return 2023 SAR (000') % Return 2023 SAR (000') % Probitas 10,215 6.60 Fixed Income 451 1.80 RE -55 -0.57 Saudi Equity -859 -0.82 Global Fl 34 0.21 Global Fl 28 0.55 Fixed Income 4,389 1.27 Money Market 5,333 1.04 Money Market 3,320 1.04 Total 17,038 Total 1.81 5,817 0.95 Restricted 3 www.saudi-re.com#19Investments 1Q 2023 Composition Comparison and Performance Breakdown إعادة Saudi Re 1,800.00 Total Portfolio (SAR 000') 1,600.00 Total Investments 156.8 1,400.00 163.9 50,53 164.89 36096 91.6 1,200.00 367.10 147 126.5 0 540.66 1,000.00 204 534.70 174.00 317.00 800.00 600.00 1,004.90 400.00 840.60 827.67 776.00 690.20 200.00 2019 2020 2021 2022 2023 YTD YTD RE Return 2023 Probitas Saudi Equity SAR (000') % Money Market Fixed Income Global Equities GCC/Saudi Equities Others 10,215 6.60 -55 -0.57 -859 -0.82 Global Fl 62 0.36 Fixed Income 4,839 1.32 Money Market 8,652 1.04 Total 22,855 1.47 19 Restricted 3 www.saudi-re.com#2020 Investment Maturity Profile 1Q 2023 Policyholders Investments >10 yrs#, 0% 1-5 yrs*, 82.2% Shareholders Investments Listed Equity, 4% 6-10 yrs, 0.0% Daily Liquidity (incl cash), >10 yrs#, 4.4% 17%, 17% <12M, 13.5% 6-10 yrs, 7.0%, 7% Total Investments Listed Equity, 2% >10 yrs#, 10.5%, 11% Daily Liquidity (incl cash), 1.7%, 2% <12M, 10.1%, 11% 6-10 yrs, 4.2%,... Restricted 3 1-5 yrs*, 64.1%, 69% إعادة Saudi Re Daily Liquidity (incl cash), 2.8%, 3% <12M, 16.7%, 17% 1-5 yrs*, 52.2%, 52% www.saudi-re.com#21Profile 000 0 00000 Restricted 3 ....... 1000 .... 00 إعادة Saudi Re#2222 Saudi Re Profile 1st Saudi Reinsurer Established 2008 SAR 891M Capital إعادة Saudi Re A A- Rating by S&P D +300 Clients - B2B HO: Riyadh Branch: Malaysia +40 Countries 44% International Business Restricted 3 www.saudi-re.com#2323 Board of Directors Rich & Diversified Experiences إعادة Saudi Re Abdullatif Al-Fouzan Chairman Of The Board •COO of AlFozan Holding ⚫Board and committee member in at number of reputable entities among which AlFozan Holding Company, United Homeware Company, Al Oula real state Company, Alpha Capital, etc. Turki Al-Sudairy Vice Chairman Of The Board •⚫ CEO of Abdul Latif Jameel Insurance Brokers • Formerly, CEO of StarCare Insurance Brokerage • Served as Deputy Chairman of the General Committee of Insurance and Reinsurance Brokers, member of the Health Insurance Standing Committee of the CCHI. Fahad Al-Hesni, Managing Director/CEO • 25+ years of insurance experience across underwriting, claims, and reinsurance. • Member of Executive Committee. BoD member Probitas Holding Bermuda Ahmed M. Sabbagh, Member of the Board • 40+ years in KSA insurance sector • Former Founder and General Manager, Islamic Insurance Company of Jordan, and served as President od the International Federation of Takaful Insurance Companies and a BoD member in The Tunisian Takaful Co and Aman Takaful Co (Lebanon) Eng. Hussam Al-Suwailem, Member of the Board 10+ years of the banking and asset management International investments analyst covering M&A, venture investments and infrastructure project. SALIC (PIF Subsidiary). • Credit Portfolio Manager. SAMBA Financial Group, National Commercial Bank, Riyadh Bank Abdulrahman Al-Jalal Member of the Board • CEO of Dhahran International Exhibitions • Board member in a Retal Urban Development Co Abdulaziz Al-Shiekh Member of the Board •Board Member at Spectro Pharmaceutical Co ⚫CEO at Spectrum Pharmaceutical Co GM at Atyaf Medical Co Kubra Ghulam Radhi Member of the Board • Board Member In Procco Financial Services (Bahrain) • Board Member At Tasheel Finance ( KSA) • Partner at Milestone Accounting and Consulting Mosa bin Akresh Member of the Board ⚫ Business Development Manager at Abdulaziz Bin Akresh Co. Waleed Al-Monie Member of the Board ⚫ EPMO Director at KAFD • Board Member at Middle East Paper Company MEPCO Abdulaziz Al-Bassam Member of the Board ⚫ CEO of Al-Jumaih Holdings Board memebr at Arab Capital & at Awal Capital Restricted 3 www.saudi-re.com#24Financial Strength Rating Reflecting Competitive Advantages and Solid Financial Position إعادة Saudi Re S&P MOODY'S A-Stable S&P noted that Saudi Re has continued to strengthen its competitive position via profitable business growth and diversification in recent years, thanks to local and international expansion. At the same time, Saudi Re's exposure to catastrophe and other large risks is relatively modest and the company maintains capital adequacy above the 'AAA' level in S&P's model. As per S&P, the stable outlook reflects that Saudi Re will maintain excellent capital adequacy and continue to profitably expand and diversify its business over the next two years. Furthermore, S&P views the governance practices at Saudi Re as effective and appropriate, and also regards the consistency in strategy and management's expertise and experience as a benefit to the company. * S&P report on Saudi Re dated 16th December 2022 > link to the Announcement 24 Restricted 3 The A3 IFSR of Saudi Re reflects its: A3 Stable (i) strong brand and market position in Saudi Arabia as the sole Saudi professional reinsurer as well as a growing presence in its target markets of Asia, Africa and Lloyd's, (ii) Preferential position in Saudi market due to a right of first refusal on a portion of premiums ceded by primary carriers in the Saudi market, (iii) Strong asset quality exemplified by its conservative investment portfolio, (iv) Good capital adequacy, both in terms of capital levels, with gross underwriting leverage (GUL) of 2.1x and relatively modest exposure to natural catastrophe risk, and (v) Strong financial flexibility with nonexistent leverage and good access to capital markets in Saudi Arabia given its listing on the Saudi stock exchange, and broad investor base. Moody's report on Saudi Re dated 19th June 2022, Link to the Announcement - Link To The Report www.saudi-re.com#2525 Saudi Re 15 Years Of Progress 15 YEARS OF PROGRESS ■IPO EXPANDED IN MENA EXPANDED IN ASIA FIRST BRANCH OUTSIDE KSA (MALAYSIA) REACHED 1B PREMIUM إعادة Saudi Re A3 RATING BY MOODY'S EXCLUSIVE REINSURANCE RIGHTS IDI INSURANCE A-RATING BY S&P 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 BBB+ RATING RESTRUCTURING BY S&P ENHANCE RESERVES LLOYD'S PARTICIPATION INVESTING IN LLOYD'S 60% PROBITAS INTERNATIONAL BUBSISNESS CAPITAL INCREASE BY 10% Restricted 3 HOLDINGS www.saudi-re.com#2626 Saudi Re Geo Presence International Expansion & Diversification إعادة Saudi Re 40+ MARKETS Serving clients in 40+ countries in MENA, Asia and Africa UK 1 Africa 19 ALGERIA BOTSWANA CAMEROON Middle East SAUDI ARABIA BAHRAIN JORDAN EGYPT KUWAIT ETHIOPIA OMAN GHANA QATAR IVORY COAST TURKEY KENYA MADAGASCAR UAE MALAWI MAURITIUS Direct Participation Indirect Participation / Lloyd's MOROCCO NIGERIA TANZANIA, UNIT ED REP. TOGO TUNISIA ZAMBIA ZIMBABWE Asia 16 BANGLADESH BRUNEI CAMBODIA CHINA INDIA INDONESIA KAZAKHSTAN MALAYSIA PAKISTAN PHILIPPINES SINGAPORE SOUTH KOREA SRI LANKA TAIWAN THAILAND VIETNAM Restricted 3 www.saudi-re.com#2727 Shariyah Compliant Shariyah Review Bureau إعادة Saudi Re بسم الله الحة الحمر شهادة اعتماد شرعي SHARI'A CERTIFICATE الحمد لله رب العالمين والصلاة والسلام على سيدنا محمد وعلى آله وصحبه أجمعين، وبعد Committee (SSC) in its capacity as the SSC of Saudi Reinsurance Company "Company." هذه الشهادة تشكل إعلانا من قبل لجنة الرقابة الشرعية ("اللجنة") للشركة السعودية This certificate constitutes as a Pronouncement by The Shari'a Supervisory لإعادة التأمين "الشركة". تمت عملية مراجعة أنشطة الشركة وعملياتها من أجل الحصول على جميع المعلومات The Company's activities and operations were reviewed in order to obtain all والتفسيرات التي اعتبرناها ضرورية لتزويدنا بأدلة تكفي لإعطاء تأكيد معقول بأن information and explanations that we considered necessary to provide us الشركة لم تخالف الضوابط والمعايير الشرعية. Certificate No:SRE-1567-01-01-04-20-01 The authenticity of this certificate may be verified at http://Shariyah.com/track-certificates/ This certificate endorses the mentioned product componenets only. Proper implementaion thereof is the sole responsibility of the end-user. Attention is drawn to the limitations, indemnifications and jurisdictional issues established in the Disclaimer at the back of this Certificate. Any unauthorized alteration, forgery or the falsification of the content or the appearance of this Certificate is considered unlawful and offenders may be persecuted to the fullest extent of the law. with sufficient evidence to ensure the Company did not breach the SSC guidelines. بناء على عملية المراجعة المنفذة وبعد الأخذ بالاعتبار جميع الملاحظات والتوصيات Based on our review and taking into consideration, the recommendations التي أقرتها اللجنة في شهادة الاعتماد الشرعي الأساسية (الشهادة الأساسية" والتي set out by the SSC in the Main Shari'a certificate ("Main Certificate holding تحمل الرقم التسلسلي - 20-04-01-01-1567-SRE ، فإن المؤشرات الناتجة عن reference code: SRE-1567-01-01-04-20, it is our opinion that the reviewed هذه المراجعة تبين أن عمليات وأنشطة الشركة تمارس وفقاً للضوابط والمعايير transactions and business activities are in compliance with the Shari'a rules الشرعية التي أقرتها اللجنة للشركة، تجدر الإشارة إلى أن هذه الشهادة هي جزء لا principles, and guidelines. This Shari'a Certificate should be read in يتجزء من الشهادة الأساسية حيث يجب أن تقرأ معها بما تتضمنه من المعلومات conjunction with the information entailed in the Main certificate Further, this Certificate is constituted as an integral part of the Shari'a Certificate. الواردة فيها. سوف تتولى دار المراجعة الشرعية بالنيابة عن اللجنة مسؤولية الرقابة والمراجعة على SRB will lead the supervision and monitoring of the company's transactions عمليات الشركة من الناحية الشرعية، بالإضافة إلى التدقيق الشرعي من أجل تقييم from a Shari'a perspective on behalf of the SSC. It will also engage in the التزام الشركة مع السياسات والإجراءات الشرعية والمبادئ التوجيهية والإبلاغ عن أي Sharia Audit to investigate and evaluate the extent of the Company's خلل في adherence with directed Shari'a policies and report any defective processes. التطبيق. لا تعد صلاحية هذه الشهادة دائمة مدى الحياة، وبقاء صلاحيتها مشروط بإجراء عملية This Certificate's legitimacy does not constitute lifetime validation' and التدقيق الشرعي الدوري وإصدار تقرير سنوي بنتائج تلك العملية، وتعد الشهادة منتهية remains valid subject to satisfactory periodical Shari'a Audits and the الصلاحية في حال عدم صدور هذا التقرير. issuance of a Shari'a compliance report every year. SRB's approval entailed in this Certificate will automatically end should such Shari'a compliance report cease to be issued. *The main certificate can be viewed by visiting the website below and entering the main certificate code number in the search engine https://shariyah.com/track-certificates/ Allah is the Guide to Success. Shariyah Review Bureau 31st August 2022 Call * يمكن الاطلاع على الشهادة الرئيسية عبر زيارة الموقع أدناه وادخل رقم الاعتماد الشرعي للشهادة الرئيسية في محرك البحث https://shariyah.com/track-certificates/ معتمد. والله ولي التوفيق. دار المراجعة الشرعية 4 صفر 1444 هـ دار العراج اجعة BUREA المشرعية HARIYAH مملكة البنية REVIEW Certificate # SRE-1567-01-01-04-20-01 Restricted 3 5 المراجعة الشرعية SHARIYAH REVIEW BUREAU Tel+966 12 2293424 PO Box 40469, Jeddah 21499 -SAUDI ARABIA- Tel+971 4 4096974 PO Box 124342, Dubai - UNITED ARAB EMIRATES - Tel+973 17215898 PO Box 21051, Al Manama. - BAHRAIN- فضيلة الشيخ د. محمد علي القري Shaikh D. Muhammad Ali Elgari فضيلة الشيخ د.صلاح فهد الشلهوب Shaikh D. Salah Fahad Al Shalhoob MARIA ADVISOR LICENSED BY THE CENTRAL BANK OF BAHRAIN www.shariyah.com www.saudi-re.com#2828 Sustainability Framework Saudi Re sustainability framework has been developed in line with national and international strategic visions and objectives such as the Kingdom of Saudi Arabia Vision 2030, the National Sustainability Standards, the GRI Standards, and the United Nations Sustainable Development Goals (UNSDGs). National contribution Strong governance and economic performance Responsible customer relations Contribute to Saudi Vision 2030 Carry out sustainable procurement Operate with transparency, openness and accountability Foster an ethical an land compliant culture Strive for sound financial performance Maintain high standard oficient service and satataction Introduce innovative and sustainable products and services Ensure adequate data protection and data privacy ■ The framework builds on six pillars: national contribution, strong governance and economic performance, responsible customer relations, environmental protection, insurance, and community care. sustainable 4 12 ∞ 麵 5 Environmental protection Camate change and energy transition 10 Environmental management Sustainable Insurance mtegrate ESG criteria in underwriting 12: Inval responsibly Improve financial Indones to Insurance People and Community Gare Develop talant of workforce and sector Create a diverse and inclusive work environment Priete heath and well-being of work Investment in community development 18 Foster relationships with key stakehalsws Restricted 3 Influence on stakeholder assessment and decisions 360 Significance of impacts إعادة Saudi Re Important More important Most important Material Topic Flank Material Topic Bank Corporate governance 1 Integrating ESG in insurance 10 Data protection and cybersecurity 2 Innovation and digitalization 11 Talent development 3 Investing responsibly 12 Serving the national strategy 4 Access to insurance 13 Cimate change and energy transition 5 Sustainable products and services 14 Ethics and compliance G Community investment 15 Financial performance T Health and well-being 16 Customer satisfaction 8 Environmental management 17 Diversity and inclusion 9 Sustainable procurement 18 www.saudi-re.com#2929 Saudi Re's Sustainability Report and ESG Scoring Company Almarai Company - Sector = Rank FY2020 Rank FY2019 ÷ Trend = إعادة Sustainability Report 2021 Saudi Re SAUDI REINSURANCE COMPANY Food and Beverages 1 1 Saudi Telecom Co. Telecommunication 2 4 t Saudi Basic Industries Corp Chemicals 3 2 ↓ Saudi Electricity Company Utilities 4 8 BAHRI Energy 5 16 ↑ The Saudi Investment Bank Banks 6 3 Sahara Inter Petrochemical Chemicals 6 NA NA National Industrialization Co. Jarir Marketing Co Chemicals 7 6 Retail 8 9 ↑ Middle East Paper Company Containers & Packaging 9 21 Saudi Arabian Oil Co. Energy 9 14 Telecommunication 11 7 Mobile Telecommunications Company Saudi Arabia (Zain KSA) Al Rajhi Bank Etihad Etisalat Co. (Mobily) Banks 12 11 ↓ Telecommunication 13 34 ↑ The Saudi National Bank Banks 14 28 ↑ Saudi Industrial Services Co. Industrial Conglomerates 15 89 ↑ Saudi Arabian Mining Company (Ma'aden) Metals and Mining 16 10 ↓ Saudi Re for Cooperative Insurance 16 112 + Reinsurance Company Saudi Airlines Catering Company Business Support Services 18 13 Bank Albilad Banks 19 15 Saudia Dairy & Foodstuff Co. Food and Beverages 19 48 ↑ Savola Group Food and Beverages 21 26 ↑ Rabigh Refining and Energy 22 12 Restricted 3 SAUDI REINSURANCE COMPANY Sustainability Report 2022 إعادة Saudi Re إعادة Saudi Re SUSTAINABILITY REPORT 2020 F إعادة Saudi Re www.saudi-re.com#3030 Market Recognition www.Saudi-re.com www.Saudi-re.com 2021 mi 2022 2022 GENERAL REINSURANCE COMPANY OF THE YEAR Saudi Reinsurance Company Regulated by Saudi Central Bank إعادة Saudi Re MENAIR AWARDS 2023 MENAIR AWARDS 2023 Ruinsurer of the Year-Overal Saudi Re إعادة Saudi Re REINSURER OF THE YEAR Restricted 3 Saudi Reinsurance Company Regulated by Saudi Central Bank إعادة Saudi Re إعادة Saudi Re www.saudi-re.com#31Thank you Investor Relations: Ahmad Al-Daham Assistant Manager - Investor Relations & Sustainability [email protected] [email protected] +966 11 510 2000 Ext 181 Saudi Re's 2022 Annual Report إعادة Saudi Re الشركة السعودية الإعادة التأمين SAUDI REINSURANCE COMPANY إعادة Saudi Re Restricted 3 إعادة Saudi Re