| Introduction | The Company for Cooperative Insurance Board of Directors recommended to the Extraordinary General Assembly to increase Tawuniya’s capital by 50% via granting bonus shares. Such increase will be via capitalizing SAR 750 million from the retained earnings. Each shareholder will be granted one bonus share for every two shares owned by shareholders at the eligibility date. |
| Date of Board Meeting | 2026-04-22 Corresponding to 1447-11-05 |
| Capital before increase | 1,500,000,000 |
| Capital after increase | 2,250,000,000 |
| Percentage of Capital increase | 50 % |
| Number of shares before Capital increase | 150000000 |
| Number of shares after Capital increase | 225000000 |
| Reasons for the increase | Strengthening the capital base of the company, which contributes to increasing the rates of growth and expansion of its business during the coming years. |
| Number of Shares Granted per Exiting Share | Granting one share for every two shares |
| Nature and Value of Reserves Used in the Capitalization | The increase will be through capitalizing SAR 750,000,000 from the retained earnings. |
| Eligibility Date | Eligibility will be for the shareholders holding shares on the date of the Extraordinary General Assembly meeting in which the capital increase by granting bonus shares will be resolved whose names so appear in the register of the Issuer's Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly's Meeting. |
| Fractional Shares | In case of bonus shares fractions occurrence, Tawuniya will collect all fractions in a single portfolio to be sold at market price, the value will be distributed to eligible shareholders each by their ownership percentage during 30 days from the allocation of new shares to each shareholder. |
| Approvals | The proposed grant remains subject to obtaining necessary approvals from competent authorities and Extraordinary General Assembly on the capital increase and number of granted shares. |
| Additional Information | NA |