Saudi Reinsurance Co. announces the opening of the nomination period for the board of director’s membership

for those who meet the legal conditions and qualifications for membership and in accordance with the terms, conditions and requirements included in the regulatory provisions, especially the guidelines issued by the Insurance Authority regarding the requirements for appointments to leadership positions, the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority, , ad the Corporate governance issued by the Insurance Authority, as well as the policy, criteria and procedures for nomination to the Board of Directors of the Company, as well as the regulations applicable to the appointment of directors.

4130 North Ring Branch Rd, Al Wadi Dist, Riyadh 13313 – 6684, Kingdom Of Saudi Arabia.

2- Via email at: Nomination@saudi-re.com

For any further questions or inquiries, please contact the Investor Relations Department during the official working hours at:

- Phone: +966-11-510-2000 Ext 181

- E-mail: Invest@saudi-re.com

1. Each shareholder shall be entitled to nominate his / herself to the membership of the Board within the limits of his/her ownership percentage in the company's capital.

2. The candidate has the necessary academic and practical experience, especially in leading a listed company and specializing in insurance and reinsurance or in the investment sector, in addition to integrity, honesty , dedication and managerial skills that contribute to strengthening the leadership role of the company.

3. The candidate should not be a member of the board of directors of more than five joint-stock companies listed in the Saudi market simultaneously.

4. The candidate should not have been previously convicted by a judicial ruling or a crime involving moral dishonor or breach of trust

5. The candidate should not be insolvent or bankrupt.

6. The candidate should not be a member of the board of directors or a member of a sub-committee or hold a leadership position in another Saudi insurance and/or reinsurance company.

7. The candidate should not have engaged in misconduct in financial markets or commercial activities.

8. The candidate should have academic and practical experience.

9. The candidate must comply with the provisions of the applicable laws, regulations and instructions.

10. The candidate is committed to allocating sufficient and appropriate time to perform his/her duties and responsibilities related to the membership.

11. The candidate must possess independence and the ability to make decisions.

12. The nominee must not have conflict of interests.

13. Integration of the candidate's experiences with the experiences of the rest of the board members.

14. The candidate appointment must not conflict with the minimum number of independent members required by laws and regulations.

Nomination Requirements:

All forms must be filled in both Arabic and English in order to comply with the regulatory requirements, please note that any application for candidacy that does not fulfill the following requirements will be excluded:

1. Completing and signing the nomination form (attached) in both Arabic and English by the candidate and filling the attached tables, taking into account the periods and deadlines stipulated in the company's announcement, as well as in the relevant laws, regulations, circulars and related decisions.

2. Fill out the Fit & Proper form issued by the Insurance Authority (attached) and provide the company with a complete and signed copy in the nomination application (PDF) and an electronic copy in (Word) format identical to the signed copy. The candidate can obtain the form (Fit & Proper Form) from the Insurance Authority’s website: https://www.ia.gov.sa/apply-for-licenses .

3. Fill out the Form (3) - Candidate CV Form - issued by Capital Market Authority (attached) and provide the company with a complete and signed copy in (PDF) format and an electronic copy in (Word) format identical to the signed copy, the candidate can obtain the form from the Capital Market Authority’s website: https://cma.gov.sa/RulesRegulations/FormsSite/Pages/default.aspx .

4. Attaching the Candidate`s resume, academic qualifications, previous and current scientific and practical experience in Arabic and English.

5. Attach a clear copy of the ID (Passport, National ID, GCC ID, Resident ID), contact information of the candidate, proof of address / national address and e-mail address.

6. A statement of the companies or establishments in which the candidate participates in the management or ownership of the company and conducts business similar to insurance and/or reinsurance business or have contracts or common interests with the company in Arabic and English.

7. If the candidate is elected to the Board of Directors, the candidate shall submit the required disclosures in accordance with the Conflicts of Interests Policy of the members of the Board of Directors and the members of the Board Committees.

8. If the candidate or his/her representative has any direct or indirect interests with the company, he/she must submit a detailed statement in addition to any information related to any contract in which the company is a party and in which the candidate has a substantial interest, or if the candidate participates in any activity that could compete with the company’s business.