Investor Presentaiton

22 Inherent Defects Insurance (IDI) A Key Driver for Growth and Sustainable Profitability إعادة Saudi Re IDI implementation is not enforced enough as the Saudi Building Code had hindered new developments MOMRA has now delayed the requirement for IDI policies, and to be aligned with the construction period instead of the building permit. 1. Deed of Ownership 2. Survey Report (from a certified survey engineer) 3. A contract with a certified design engineer 6. Issuance of an IDI Policy (THIS STEP HAS BEEN DELAYED) 5. A contract from a certified contractor (THIS STEP HAS BEEN DELAYED) 4. A contract with TIS (THIS STEP HAS BEEN DELAYED) Source: Construction Permits data from MOMRA Public www.saudi-re.com

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