Aljazira Takaful shareholders to vote on increasing capital to SAR 550 mln via 16.9% bonus shares on Nov. 30

08/11/2021 Argaam

Logo of Aljazira Takaful Taawuni Co.

Aljazira Takaful Taawuni Co.’s shareholders will vote on board of directors’ recommendation to increase capital to SAR 550 million from SAR 470.66 million through 16.86% bonus shares, during an extraordinary general assembly meeting (EGM) to be held on Nov. 30.

 

Key Figures of the Capital Hike

Current capital

SAR 470.66 mln

Number of shares

47.07 mln

Hike (%)

16.86% (0.1686 share for every 1 outstanding share)

New capital

SAR 550 mln

New number of shares

55 mln

Method

Capitalizing SAR 79.34 mln from retained earnings account

Driver

Support and strengthen company’s capital base and future activities

Record date

Nov. 30, 2021 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM)

 

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