Saudi Arabia's Capital Market Authority has approved Al-Rajhi Company for Cooperative Insurance's request to increase its capital from SAR 1,000,000,000 to SAR 2,000,000,000 by issuing one bonus share for each existing share, funded through the transfer of SAR 1,000,000,000 from retained earnings to capital, which will raise outstanding shares from 100,000,000 to 200,000,000, with entitlement for shareholders registered at the Securities Depository Center at the close of the second trading day after a due date to be set later by the company's board, while the extraordinary general assembly must be held within six months of the approval and the company must meet all applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2026-05-03
Saudi Arabia's Capital Market Authority approves Al-Rajhi Company for Cooperative Insurance capital increase to SAR 2 billion via one-for-one bonus share issue
The Saudi Arabia Capital Markets Authority approved Al-Rajhi Company for Cooperative Insurance’s capital increase from SAR 1,000,000,000 to SAR 2,000,000,000 via one bonus share per existing share, funded by transferring SAR 1,000,000,000 from retained earnings. Outstanding shares will rise from 100,000,000 to 200,000,000, with entitlement for shareholders registered at the Securities Depository Center at the close of the second trading day after a due date set by the board, subject to an extraordinary general assembly within six months.