Al Rajhi Takaful: shareholders approve capital increase

Al Rajhi CompanyAl Rajhi Takaful shareholders approved on 3 December 2023 during an Extraordinary General Meeting a 150% increase in the company's share capital. The latter went from 400 million SAR (106.6 million USD) to 1 billion SAR (266.4 million USD).

The operation was carried out through the capitalization of 600 million SAR (159.8 million USD) of retained earnings. This led to the issue of 1.5 bonus shares for each share held.

The capital increase is aimed at boosting Al Rajhi Takaful's growth rate in the market.

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