Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) announced the completion of the distribution of SAR 551,179.26 generated from the sale of fractional shares, according to a bourse filing.
The process follows the company’s capital increase through a bonus share issue of one share for every two shares held, which was approved during the extraordinary general meeting (EGM) held on 3 September 2026.
The insurer confirmed that 5,982 shares were sold at an average price of SAR 92.14 per share.
The sale process was concluded on 13 September 2026, while Al Rajhi Bank has been tasked with depositing the proceeds directly into the bank accounts linked to the investment portfolios of eligible shareholders on 30 September 2026.
Tawuniya advised shareholders who do not receive their entitlements by the scheduled date to contact its investor relations department via email or mobile number.
Meanwhile, the capital increase was part of the company's strategy to strengthen its capital base and support future growth initiatives.
