Saudi Re shareholders approve a 46.6% capital increase to SAR 1.69 billion through bonus shares and a long-term employee incentive plan.
Shareholders of Saudi Reinsurance Co. (Saudi Re) approved the board’s recommendation to increase the company’s capital by 46.6% from SAR 1.15 billion to SAR 1.69 billion during the extraordinary general meeting (EGM) held on Thursday, Oct. 9. 
The increase will be implemented through the issuance of 51.48 million bonus shares, at four shares for every nine existing shares, in addition to allocating 2.5 million shares to the company’s long-term employee incentive plan.
Capital Increase Highlights
Current Capital
SAR 1.15 bln
Number of Shares
115.83 mln
Percentage of Increase
46.6%
New Capital
SAR 1.69 bln
New Number of Shares
169.81 mln
Reasons
To support the company’s growth and strengthen its financial position
Bonus Shares Allocation
a) 51.48 million bonus shares (4 bonus shares for each 9 ordinary shares), representing 44.44% of the increase
b) 2.50 million shares allocated for the long-term employee incentive program, representing 2.16% of the increase
Funding
Capitalizing SAR 539.8 million from retained earnings
Record Date
Oct. 9, 2025
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at the market price. The proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
In a statement issued by Tadawul, the fluctuation limit for the company’s share has been calculated based on a price of SAR 33.44 for today, Oct. 12. Accordingly, all existing orders have been cancelled.
The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Tuesday, Oct. 14.
Saudi Re shareholders approve a 46.6% capital increase to SAR 1.69 billion through bonus shares and a long-term employee incentive plan.
Shareholders of Saudi Reinsurance Co. (Saudi Re) approved the board’s recommendation to increase the company’s capital by 46.6% from SAR 1.15 billion to SAR 1.69 billion during the extraordinary general meeting (EGM) held on Thursday, Oct. 9.
The increase will be implemented through the issuance of 51.48 million bonus shares, at four shares for every nine existing shares, in addition to allocating 2.5 million shares to the company’s long-term employee incentive plan.
Capital Increase Highlights
Current Capital
SAR 1.15 bln
Number of Shares
115.83 mln
Percentage of Increase
46.6%
New Capital
SAR 1.69 bln
New Number of Shares
169.81 mln
Reasons
To support the company’s growth and strengthen its financial position
Bonus Shares Allocation
a) 51.48 million bonus shares (4 bonus shares for each 9 ordinary shares), representing 44.44% of the increase
b) 2.50 million shares allocated for the long-term employee incentive program, representing 2.16% of the increase
Funding
Capitalizing SAR 539.8 million from retained earnings
Record Date
Oct. 9, 2025
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at the market price. The proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
In a statement issued by Tadawul, the fluctuation limit for the company’s share has been calculated based on a price of SAR 33.44 for today, Oct. 12. Accordingly, all existing orders have been cancelled.
The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Tuesday, Oct. 14.
