Edaa applies Al Rajhi Takaful’s capital hike

06/12/2023 Argaam
Logo ofAl Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful)

Logo of Al Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful)


The Securities Depository Center Co. (Edaa) applied today, Dec. 6, a capital increase for Al Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful) in the accounts of eligible shareholders.

 

On Dec. 3, Al Rajhi Takaful’s extraordinary general meeting (EGM) approved a 150% capital increase to SAR 1 billion through capitalizing SAR 600 million from retained earnings and distributing 1.5 bonus shares for every share held, according to data available on Argaam.

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