‎Al Rajhi Takaful EGM OKs 100% capital hike via bonus issue

‎Al Rajhi Takaful EGM OKs 100% capital hike via bonus issue ‎Al Rajhi Takaful EGM OKs 100% capital hike via bonus issue

​‎

Al Rajhi Takaful’s capital hike will be financed via capitalizing SAR 1 bln from retained earnings

Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)extraordinary general meeting (EGM) approved a board recommendation of a 100% capital hike through a one-for-one bonus issue.

Advertisement

Capital Increase Details

Current Capital

SAR 1 bln

No. of Shares

100 mln

Percentage of Increase

100% (1 bonus share for every share held)

New Capital

SAR 2 bln

No. of New Shares

200 mln

Method

Capitalizing SAR 1 bln from retained earnings

Record Date

June 21, 2026, including shareholders registered with Edaa by the close of the second trading day following the record date

In a separate statement, the Saudi Exchange (Tadawul) announced that the fluctuation limits on June 22 for Al Rajhi Takaful will be based on a share price of SAR 58.10 and the outstanding orders will be canceled.

The Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by June 24, 2026.

According to data available on Argaam, The Capital Market Authority (CMA) recently granted Al Rajhi Takaful the approval to increase its capital from SAR 1 billion to SAR 2 billion.

The process aims at strengthening the capital base, which contributes to supporting the company’s strategic and expansion plans.

 

Al Rajhi Takaful’s capital hike will be financed via capitalizing SAR 1 bln from retained earnings

Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)extraordinary general meeting (EGM) approved a board recommendation of a 100% capital hike through a one-for-one bonus issue.

Capital Increase Details

Current Capital

SAR 1 bln

No. of Shares

100 mln

Percentage of Increase

100% (1 bonus share for every share held)

New Capital

SAR 2 bln

No. of New Shares

200 mln

Method

Capitalizing SAR 1 bln from retained earnings

Record Date

June 21, 2026, including shareholders registered with Edaa by the close of the second trading day following the record date

In a separate statement, the Saudi Exchange (Tadawul) announced that the fluctuation limits on June 22 for Al Rajhi Takaful will be based on a share price of SAR 58.10 and the outstanding orders will be canceled.

The Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by June 24, 2026.

According to data available on Argaam, The Capital Market Authority (CMA) recently granted Al Rajhi Takaful the approval to increase its capital from SAR 1 billion to SAR 2 billion.

The process aims at strengthening the capital base, which contributes to supporting the company’s strategic and expansion plans.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement