Al-Tawuniya Reviews 50% Capital Boost
The Cooperative Insurance Company has announced its invitation to shareholders to attend the extraordinary general assembly meeting on September 3, 2026, to discuss increasing the company's capital by 50%, from 1.5 billion riyals to 2.25 billion riyals. This will be achieved through capitalizing a portion of retained earnings and granting free shares at a rate of one free share for every two shares owned by shareholders. The increase will be carried out by issuing 75 million new shares. This step aims to strengthen the company's financial capacity and support future expansion plans, along with amending its articles of association and generating profits from the sale of fractional shares resulting from the bonus issue.
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