Logo ofAllied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group (ACIG) announced the prospectus for its capital increase through a SAR 209 million rights offering. 
The company plans to offer about 20.9 million shares at SAR 10 each, to increase capital by 71.82% from SAR 291 million to SAR 500 million.
The planned capital hike is aimed mainly to support the company’s future plans and enhance its solvency margin.
In January 2024, the insurer received the Insurance Authority’s (IA) approval on the move. In January 2025, the IA extended its go-ahead for an additional six months. Last March, the company obtained the Capital Market Authority’s (CMA) no-objection on the potential capital increase.
ACIG will hold an extraordinary general meeting (EGM) on May 18 to get shareholders’ voting on the proposed rights issue.
Capital Hike Details
Current Capital
SAR 291 mln
No. of Shares
29.1 mln
New Capital
SAR 500 mln
New Number of Shares
50 mln
Capital increase (%)
71.82%
Par Value
SAR 10
Rights Issue Details
Offered Shares
20.9 mln
Offer Price
SAR 10
Issue Size
SAR 209 mln
Eligibility Ratio
Each listed shareholder can subscribe to 0.7182 right per each owned share
Rights Issue Proceeds
To fulfill the capital solvency requirements
145.75
Increasing the statutory deposit
31.35
Upgrading the technical system for insurance and financial operations
15.00
Promoting new products (advertising and branding)
12.15
Offering costs
4.75
Total
209.00
Additional Information
Financial Advisor, Underwriter Lead Manager
Alistithmar Capital
Logo ofAllied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group (ACIG) announced the prospectus for its capital increase through a SAR 209 million rights offering.
The company plans to offer about 20.9 million shares at SAR 10 each, to increase capital by 71.82% from SAR 291 million to SAR 500 million.
The planned capital hike is aimed mainly to support the company’s future plans and enhance its solvency margin.
In January 2024, the insurer received the Insurance Authority’s (IA) approval on the move. In January 2025, the IA extended its go-ahead for an additional six months. Last March, the company obtained the Capital Market Authority’s (CMA) no-objection on the potential capital increase.
ACIG will hold an extraordinary general meeting (EGM) on May 18 to get shareholders’ voting on the proposed rights issue.
Capital Hike Details
Current Capital
SAR 291 mln
No. of Shares
29.1 mln
New Capital
SAR 500 mln
New Number of Shares
50 mln
Capital increase (%)
71.82%
Par Value
SAR 10
Rights Issue Details
Offered Shares
20.9 mln
Offer Price
SAR 10
Issue Size
SAR 209 mln
Eligibility Ratio
Each listed shareholder can subscribe to 0.7182 right per each owned share
Rights Issue Proceeds
To fulfill the capital solvency requirements
145.75
Increasing the statutory deposit
31.35
Upgrading the technical system for insurance and financial operations
15.00
Promoting new products (advertising and branding)
12.15
Offering costs
4.75
Total
209.00
Additional Information
Financial Advisor, Underwriter Lead Manager
Alistithmar Capital
