Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has received shareholder approval for a capital increase through the issuance of bonus shares, prompting the Saudi Exchange (Tadawul) to adjust the stock’s trading parameters.

Following an Extraordinary General Meeting (EGM) held on 21 June 2026, the exchange announced that the company’s fluctuation limits would be calculated based on an adjusted share price of SAR 58.10, effective from the start of the trading week.

The Saudi Exchange (Tadawul) has officially updated the trading status for Al Rajhi Takaful in response to corporate actions ratified by the company’s shareholders.

During the EGM convened on Sunday, 21 June, the assembly approved a significant proposal to increase the company’s capital base. This capital expansion is being facilitated through the distribution of bonus shares to the company’s existing investor base.

As a direct result of the EGM’s resolution, the Saudi Exchange implemented a technical adjustment to the stock’s valuation to account for the increased number of shares in circulation.

For the trading session commencing on Monday, 22 June, the fluctuation limits for Al Rajhi Takaful have been recalibrated based on a reference price of SAR 58.10.

This price adjustment is a standard regulatory procedure designed to maintain market equilibrium and ensure that the total market capitalization of the company remains consistent immediately following the dilution inherent in a bonus issue.

In conjunction with the price recalibration, the Saudi Exchange confirmed that all outstanding orders for Al Rajhi Takaful shares were canceled at the end of the trading day on Sunday. This measure is a standard protocol in the Saudi capital market to prevent the execution of trades based on outdated valuations.

By clearing the order book, the exchange ensures that all new buy and sell instructions submitted on Monday are aligned with the newly established reference price and fluctuation bands.

The administrative completion of the capital increase will be handled by the Securities Depository Center, also known as Edaa. The center is responsible for the technical processing and allocation of the newly issued securities.

According to the timeline provided by the exchange, Edaa will deposit the bonus shares into the investment portfolios of eligible shareholders by the conclusion of the business day on Wednesday, 24 June.

This corporate action reflects the company’s broader strategy to strengthen its financial position and capitalize on its retained earnings. By converting reserves into share capital, Al Rajhi Takaful aims to enhance its equity base while rewarding its shareholders through the issuance of additional equity.

The move follows the standard regulatory framework governed by the Capital Market Authority and the Saudi Exchange, ensuring transparency and orderly conduct throughout the capital restructuring process.

The adjustment to the share price and the subsequent deposit of shares mark the final stages of this specific corporate event. Investors and market participants are advised to monitor their portfolios for the updated share counts following the Wednesday deadline established by the Securities Depository Center.