20 Hrs
Source:
مباشر
Al-Taquwiyya shareholders approve 50% capital boost
Shareholders of "Al-Tawuniya Insurance" approved increasing the company's capital by 50%, from 1.5 billion riyals to 2.25 billion riyals, through the issuance of free shares at a rate of one share for every two shares owned by shareholders at the end of the general assembly. This decision aims to strengthen the capital base and support growth and expansion plans, along with amendments to Articles 8 and 9 of the company's bylaws. The attendance rate at the meeting was 58.43%. Approval was also given to the business and contracts signed with the General Organization for Social Insurance valued at 85.74 million riyals, with an emphasis on the absence of any direct interests for its members in those contracts.
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