Saudi Arabia: Al Rajhi Takaful to double share capital through bonus issue
Source: Middle East Insurance Review | Apr 2026
The board of Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), among the top three Saudi insurers in terms of premiums, has proposed to double the company’s share capital from SAR1bn ($265.2m) to SAR2bn.
The increase is to be effected through a 1:1 bonus issue by capitalising SAR1bn from retained earnings. It is subject to shareholders at an extraordinary general assembly.
Al Rajhi Takaful said in a statement lodged with the Saudi Exchange that the purpose of the capital increase is to boost the capital base and support the company’s strategic and expansion plans.
Al Rajhi Takaful reported a 36.9% surge in net profit attributable to shareholders to SAR455m in 2025, compared to 2024. Insurance revenue dipped marginally to SAR5.32bn, due to lower business volume mainly in Property and Casualty & Motor lines, offset by revenue increases in Protection and Saving and Health lines. M
| Summary |
| Capital before increase |
SAR1bn |
| Capital after increase |
SAR2bn |
| Percentage of capital increase |
100% |
| Number of shares before capital increase |
1bn |
| Number of shares after capital increase |
2bn |