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Al-Tawuniya approves 300m Riyal payout
The shareholders of Al Tewauniyah Insurance Company approved the distribution of cash dividends amounting to 300 million SAR for the year 2025, at a rate of 2 SAR per share, representing 20% of the nominal value. The dividends will be paid on July 19, 2026. They also approved a program to buy back the company’s shares, with a maximum of 212,143 shares, to be allocated for the employee share program. The purchase will be financed from available cash, with the board of directors authorized to complete the process within 18 months and to hold the shares for no longer than 10 years. Additionally, the assembly approved the appointment of auditors and allocated a compensation of 8.74 million SAR for the board members for the year 2025.
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