The Board of Directors of Al Rajhi Takaful recommends increasing the capital to two billion riyals

Last Thursday, the Board of Directors of Al Rajhi Cooperative Insurance Company (Al Rajhi Takaful) recommended to the extraordinary general assembly to increase the company’s capital by granting free shares to the company’s shareholders, by capitalizing an amount of one billion riyals from retained profits, by granting one share for every share owned.

According to the company’s statement on the company’s website "Saudi Arabia trading"The capital before the increase is one billion riyals, and after the increase is 2 billion riyals.

The number of shares before the increase is 100 million shares, and after the increase, 200 million shares.

She explained that the reasons for the increase are to strengthen the capital base, which contributes to supporting the company’s strategic and expansion plans by continuing to provide insurance solutions to the company’s clients, including individuals, companies and small and medium enterprises.

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