Investor Presentaiton

6 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

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