Saudi Arabia Capital Markets Authority approved The Company for Cooperative Insurance's request to raise its capital from SAR 1.5 billion to SAR 2.25 billion by issuing one bonus share for every two existing shares held by shareholders registered at the Security Depository Center at the close of the second trading day after the due date to be set later by the company's board, funded through a SAR 750 million transfer from retained earnings, which will increase outstanding shares from 150 million to 225 million, with the extraordinary general assembly required to be held within six months of the approval and the company required to satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority2026-06-09
Saudi Arabia Capital Markets Authority approves The Company for Cooperative Insurance capital increase to SAR 2.25 billion through one for two bonus shares
The Saudi Arabia Capital Markets Authority approved The Company for Cooperative Insurance’s capital increase from SAR 1.5 billion to SAR 2.25 billion through the issuance of one bonus share for every two existing shares, funded by a SAR 750 million transfer from retained earnings. The transaction will raise the company’s shares from 150 million to 225 million, subject to an extraordinary general assembly within six months and compliance with all regulatory requirements and applicable laws.