| Element List | Explanation |
|---|---|
| Introduction | Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) announces the results of the Extraordinary General Assembly Meeting (First Meeting) held in Riyadh via modern technology using the Tadawulaty system, which was convened at 7:30 PM on Sunday, 06 Muharram 1448H, corresponding to 21 June 2026 |
| City and Location of the Extraordinary General Assembly's Meeting | Riyadh - (via modern technology using the Tadawulaty system). |
| Date of the Extraordinary General Assembly's Meeting | 2026-06-21 Corresponding to 1448-01-06 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | % 84.01 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Board members attended the meeting: 1. Abdullah Sulaiman Al Rajhi (Chairman of the Board). 2. Saud Abdullah Al Rajhi (Vice Chairman of the Board). 3. Waleed Abdullah Almogbel. (Board Member). 4. Ahmed Samer Al Zaeem (Board Member) 5. Naif Abdullah Al Rajhi. (Board Member). 6. Nabeel Ali Shoaib. (Board Member). 7. Muhannad Qusai Al Azzawi (Board Member) 8. Adel Abdullah Al Hamoudi (Board Member). |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf | Chairmen of the Committees attended the meeting: 1. Abdullah bin Sulaiman Al Rajhi (Chairman of the Executive Committee). 2. Saud bin Abdullah Al Rajhi (Chairman of the Investment Committee). 3. Ahmed Samer Al Zaeem (Chairman of the Risk Management Committee). 4. Nabeel Ali Shoaib (Chairman of the Audit Committee). 5. Adel Abdullah Al Hamoudi (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Additional Information | N/A |
| Attached Documents | Attached Documents |
Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) Announces the Results of the Extraordinary General Assembly Meeting Including the Capital Increase (First Meeting).
AI Summary
- Shareholders approved a 100% capital increase from SAR 1,000,000,000 to SAR 2,000,000,000 by granting one bonus share for every one share owned, funded through the capitalization of SAR 1 billion from retained earnings.
- The assembly approved the financial statements, Board of Directors’ report, and auditor's report for the fiscal year ended December 31, 2025, including the payment of SAR 2,590,000 in board remuneration.
- Dr. Mohamed Al-Amri & Co. (BDO) and El Sayed El Ayouty & Co. were approved as candidates for the external audit of the 2026 financial statements and Q1 2027, with fees of SAR 750,000 and SAR 520,000 respectively.
- Multiple one-year insurance contracts with related parties were approved for 2025, the largest being with Al Rajhi Banking and Investment Corporation valued at SAR 6,624,448 thousand.
Attachments
