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General Assembly Reviews 50% Capital Boost
The Cooperative Insurance Company has announced an invitation to its shareholders to attend the Extraordinary General Assembly meeting on September 3, 2026, to discuss a 50% capital increase from 1.5 billion SAR to 2.25 billion SAR through the capitalization of retained earnings and the issuance of free shares. Each shareholder will receive one free share for every two shares they own. The increase will be implemented by issuing an additional 75 million shares, with amendments to the company's regulations to align with the new structure, and will strengthen the company's financial base to support future expansion plans. Additionally, the company will discuss agreements and contracts with the General Organization for Social Insurance, with a total value reaching up to 85.74 million SAR, according to commercial terms without any special preferences.
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