The Board of Directors of “Al -Rajhi Takaful” recommends purchasing shares for the employee incentive program

The Board of Directors of Al -Rajhi Insurance Company (Al -Rajhi Takaful) recommended the purchase of a number of the company’s shares with a maximum of 300 thousand shares of regular shares, to keep the treasury cups as part of the staff incentives stock program.
“Takaful Al -Rajhi” said in a statement to “Tadawul Saudi Arabia”, today, Monday, that the purchase financing will be through the company’s self -resources, and the holders of these shares will not have the right to vote in shareholders ’associations.
It is expected to vote on the decision by the extraordinary general assembly, which will be announced later, according to the requirements of paragraph 4 of Article 17 of the executive regulations of the system of companies for the joint stock companies. Provided that all approvals are completed, and the conditions of financial solvency are completed by the General Assembly.