Riyadh - Mubasher: The board of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has proposed, in its 5 March 2026 meeting, increasing the capital by doubling it by way of granting one bonus share for every one owned share.
Upon necessary approvals, Al Rajhi Takaful will raise its capital by 100% through the capitalization of SAR 1 billion from retained earnings, according to a bourse filing.
The capital will be increased from SAR 1 billion distributed over 100 million shares to SAR 2 billion over 200 million shares
Al Rajhi Takaful noted that the proposed 100 million bonus shares grant and the capital hike are subject to obtaining the approval of the relevant official authorities and the extraordinary general assembly.
The company added it aims to increase the capital in order to support the capital base, which contributes to enhancing the strategic and expansion plans of Al Rajhi Takaful by continuing to provide insurance solutions to the company's clients, including individuals, corporate and SMEs.
It is worth noting that in 2025, the insurance company posted net profits after Zakat worth SAR 454.98 million in addition to revenue standing at SAR 5.32 billion.
