Al Rajhi Takaful: share capital increase

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Al Rajhi CompanyAl Rajhi Takaful has been granted approval by the Saudi Capital Markets Authority (CMA) to increase its share capital. It will thus go from 400 million SAR (106.6 million USD) to 1 billion SAR (266.4 million USD).

The operation will give way to the issuance of 1.5 bonus shares for each share held. This increase is intended to consolidate the company's capital base and support its expansion plans.

For the record, the Saudi insurer ended the 2022 financial year with a turnover of 3.47 billion SAR (924.04 million USD) and a net profit of 99.868 million SAR (26.6 million USD).

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Thu, 08/06/2023 - 14:55
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