Announcements and Meetings / Announcements

Saudi Re for Cooperative Reinsurance Co

The Saudi Reinsurance Company (Saudi Re) announces the interim Financial Results for twelve months the period ended 31/12/2011. (continued)

7. Loss per share for the twelve months is SAR 0.343 compared to income per share of SAR 0.001 for the same period previous year. 8- Deficitinreinsurance operationsfor the twelve months. excluding investment income from policyholders' investments. is SAR 55.587.638 compared to SAR 21.935.456 for the same period previous year. an increase of 153%. 9. The Gross written premium (GWP). for the twelve months is SAR 159.609.384 compared to SAR 107.475.185 for the same period previous year. anincrease of 49%. The net written premiums (NWP). for the twelve months is SAR 91.533.718 compared to SAR 38.869.950 for the same period previous year. an increase of 135%. 10. The net claims incurred for the twelve months is SAR 58.452.018 compared to SAR19.185.879 for the same period previous year. an increase of 205%. 11. The net investment income from policyholders' investments for the twelve months is SAR 303.091. and there was no investment income from policyholders' investments portfolio for the same period previous year. The net investment income from shareholders' investments for the twelve months is SAR 20.978.668 compared to SAR 21.991.733 for the same period previous year. a decrease of 5%. 12. The increase in net loss for the fourth quarter compared to same period last year is due to the increase in net claims incurred by 569%. and decrease in the net investment income from shareholders investments by 46%. The increase in net loss for the fourth quarter compared to previous quarter is due to the increase in General & Administration Expenses by 42%. The increase in net loss for the twelve months is due to the increase in net claims incurred by 205%. and increase in General and administrative expenses by 50% compared with the same period previous year. 13. Certain comparative figures have been reclassified to conform to the presentation of current period/year. 14. The Auditors report draws attention to the fact that the interim condensed financial statements are prepared in accordance with International Accounting Standard (IAS34) and not in accordance with the standards on Interim Financial Reporting issued by (SOCPA).

Saudi Re for Cooperative Reinsurance Co

The Saudi Reinsurance Company Saudi Re announces the interim Financial Results for twelve months the period ended 31/12/2011.

The Saudi Reinsurance Company Saudi Re announces the interim Financial Results the period ended 31/12/2011 as follows: 1.The net Loss for the fourth quarter. is SAR 12.402.592 compared to net income of SAR 6.058.637 for the same quarter previous year. and compared to net loss of SAR 10.456.824 for the previous quarter this represents an increase of 19%. 2. Deficit inreinsurance operationsfor the fourth quarter. excluding investment income from the policyholders' investments. is SAR 16.286.197. compared to SAR 944.241reported for the same quarter previous year this is an increase of 1.625%. 3. The Gross written premiums (GWP). for the fourth quarter is SAR 5.632.918 compared to SAR 14.339.909 for the same quarter previous year. adecrease of 61%. Net written premiums (NWP) for the fourth quarter is SAR 1.721.953 compared to SAR 5.552.552 for the same quarter previous year. adecrease of 69%. 4. The net claims incurred. for the fourth quarter is SAR 17.915.591 compared to SAR 2.677.700 for the same quarter previous year. This is an increase of 569%. 5. The net investment income from policyholders' investments for the fourth quarter is SAR 86.968.There was no investment income from policyholders' investments for the same quarter previous year. The net income from the shareholders investments portfolio for the fourth quarter is SAR 3.796.637 compared to SAR 7.002.878 for the same quarter previous year. a decrease of 46%. 6. Netloss for the twelve months is SAR 34.305.879 compared to net income SAR 56.277 for the same period previous year.(continued)

Saudi Re for Cooperative Reinsurance Co

THE SAUDI REINSURANCE COMPANY (SAUDI RE) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30.2011 .(Continued )

9.The Gross written premium (GWP). for the nine months is 153.976.466 Riyals compared to 93.135.276 Riyals for the same period previous year. increased by 65% and net written premiums (NWP) .for the nine months is 89.811.765 Riyals compared to 33.317.398 Riyals for the same period previous year. increased by 170%. 10. the net claims incurred for the nine months are 40.536.427 Riyals compared to 16.508.179 Riyals for the same period previous year. increased by 146%. 11. The net investment income from policyholders' investments portfolio for the nine months is 216.123 Riyals . and there was no investment income from policyholders' investments portfolio for the same period previous year. and net investment income from shareholders' investments portfolio for the nine months is 17.182.031 Riyals compared to 14.988.855 Riyals for the same period previous year. increased by 15%. 12. The increase in net loss for the third quarter is due to the increase in net claims incurred by 637%. and decrease in the net investment income from shareholders investments portfolio by 51% compared with the same quarter previous year. this decline is mainly come from foreign exchange translation losses. The increase in net loss for the nine months is due to the increase in net claims incurred by 146%. and increase in General and administrative expenses by 55% compared with the same period previous year. 13 Also note that the Auditors report draws attention to the fact that the interim condensed financial statements are prepared in accordance with International Accounting Standard (IAS 34) and not in accordance with the standard on Interim Financial Reporting issued by (SOCPA).

Saudi Re for Cooperative Reinsurance Co

THE SAUDI REINSURANCE COMPANY (SAUDI RE) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30.2011.

The Saudi Reinsurance Company announces the interim financial results for the nine months ended September 30.2011 as follows: 1.The net Loss for the third quarter. is 10.456.824 Riyals compared to net income of 5.701.744 Riyals for the same quarter previous year. and compared to net loss of 4.592.553 Riyals for the previous quarter. increased by 128%. 2. Deficit of Reinsurance operations. excluding investment income from the policyholders' investments portfolio for the third quarter is 14.645.685 Riyals compared to 2.759.442 Riyals for the same quarter previous year. increased by 431%. 3.The Gross written premiums (GWP). for the third quarter is 55.282.520 Riyals compared to 31.469.678 Riyals for the same quarter previous year. increased by 76% and Net written premiums (NWP) .for the third quarter is 43.961.811 Riyals compared to 13.727.296 Riyals for the same quarter previous year. increased by 220%. 4. The net claims incurred. for the third quarter are 18.863.908 Riyals compared to 2.559.299 Riyals for the same quarter previous year. increased by 637%. 5. The net investment income from policyholders' investments portfolio for the third quarter is 62.398 Riyals there was no investment income from policyholders' investments portfolio for the same quarter previous year. and net income from the shareholders investments portfolio for the third quarter is 4.126.463 Riyals compared to 8.461.186 Riyals for the same quarter previous year. decreased by 51%. 6. Net loss for the nine months. is 21.903.287 Riyals compared to 6.002.360 Riyals for the same period previous year. increased by 265%. 7.Loss per share for the nine months is 0.2190 Riyals compared to 0.0600 Riyals for the same period previous year. 8- Deficit of Reinsurance operations. excluding investment income from policyholders' investments portfolio for the nine months is 39.301.441 Riyals compared to 20.991.215 Riyals for the same period previous year. increased by 87%. (Continued(

Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

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Saudi Re for Cooperative Reinsurance Co

No Translation see Arabic version

Saudi Re for Cooperative Reinsurance Co

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