Saudi Enaya Cooperative Insurance Co. issued a correction announcement on July 8, 2026, amending its previous disclosure dated July 7, 2026, regarding a proposed capital restructuring. The corrected figures state that the capital after decrease will be SAR 154,790,000 (revised from SAR 154,753,000), reflecting a capital reduction of SAR 75,210,000 — or 32.70% — achieved by lowering the nominal value of each ordinary share from SAR 10.00 to SAR 6.73 while maintaining the existing number of shares. Following the reduction, the company plans a rights issue that would raise capital to SAR 314,789,995.85, representing an increase of 103.37%, resulting in 46,774,145 shares outstanding. The correction also clarifies that approval of both the capital reduction and the capital increase through the rights issue are mutually conditional and must be obtained at the same Extraordinary General Assembly meeting.

Original announcement:

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