News Middle East10 Mar 2026

Saudi Arabia:Al Rajhi Takaful to double share capital through bonus issue

| 10 Mar 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 increase in the capital of the company by granting bonus shares to the company's shareholders.

The company’s share capital is to be doubled from SAR1bn ($265.2m) to SAR2bn.

The 1:1 bonus issue will be effected through 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, which contributes to supporting the company's strategic and expansion plans.

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

 

2025 financial results

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.

Summary Of 2025 Financial Results

SAR’000

SAR’000

%

Metric

2025

2024

Change

Insurance revenue

5,322,128

5,391,459

-1.28

Result of insurance services

803,316

728,122

10.33

Net insurance results

489,402

221,992

120.46

Net investment results

-358,856

605,063

-

Net insurance financing expenses

496,985

-384,690

-

Net profit (loss), after zakat, attributable to shareholders

454,981

332,343

36.9

Total comprehensive income attributable to shareholders of the issuer

484,348

357,639

35.43

Total shareholders’ equity (after deducting minority equity)

2,535,691

2,087,221

21.49

 

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