Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance, known as Al Rajhi Takaful, has invited its shareholders to participate in an extraordinary general meeting (EGM) scheduled for 21 June 2026, according to a bourse filing.
The primary objective of this session is to discuss and vote on a proposed increase in the company’s capital by doubling its current amount, which represents a significant corporate action for the Tadawul-listed insurer.
In alignment with modern regulatory practices and to ensure broad shareholder accessibility, the assembly will be conducted through modern technological means. This approach allows shareholders to engage in the proceedings and exercise their voting rights remotely, ensuring compliance with contemporary corporate governance standards in Saudi Arabia.
The agenda for the meeting is centered on the board of directors' proposal to increase the company’s capital by capitalizing SAR 1 billion from retained earnings. This process will be carried out by granting one share for every one share owned by eligible shareholders.
The capital will increase to SAR 2 billion to strengthen the company’s financial position.
In case of fractional shares, fractions will be combined into one portfolio and sold at market price, and proceeds distributed within 30 days.
It is worth noting that the first shareholders’ meeting requires the attendance of shareholders representing at least 50% of the company’s capital. In the event that this threshold is not met, a second meeting will be convened one hour after the scheduled time for the first session. This second meeting will be considered valid if attended by shareholders representing at least 25% of the company’s capital.
Eligibility to attend and vote is restricted to shareholders who are registered in the company’s books at the Securities Depository Center (Edaa) by the end of the trading session immediately preceding the assembly.
Furthermore, the company has facilitated the electronic voting process through the Tadawulaty platform, which will open at 01:00 AM on 17 June 2026, and remain available until the conclusion of the meeting.
Therefore, this upcoming assembly marks a pivotal moment for Al Rajhi Takaful as it seeks to adjust its capital structure. The outcome of the vote will determine the company’s trajectory regarding its financial positioning and its ability to meet future strategic objectives within the Saudi insurance sector.
In March 2026, the board members of Al Rajhi Takaful recommended the capital hike through 100 million bonus shares.
