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
|