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Saudi Re Announcement in respect of General Traffic Department’s announcement regarding the automatic linking of vehicle insurance details with the National Information Center

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Announcement Detail Saudi Re would like to announce that following the announcement of the Traffic Department in respect of the automatic link of vehicle insurance details with the National Information Center and applying fines automatically in cases of absence of valid Motor Insurance starting from 22 July 2020, and pursuant to the announcements of a number of Saudi insurance companies, Saudi Re would like to announce that such procedure is likely have a positive impact on the company’s Gross Written Premium. Furthermore, it is difficult to estimate the size of the impact at the current stage, however the company will monitor the situation in this respect and will announce any material development in due course.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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