On July 7, 2026, Saudi Enaya Cooperative Insurance Company announced that its Board of Directors, at a meeting held on July 6, 2026, recommended to the Extraordinary General Assembly (EGM) a two-step capital restructuring: first, a capital reduction of 32.716% from SAR 230,000,000 to SAR 154,753,000 (a decrease of SAR 75,247,000) by reducing the nominal value per share from SAR 10.00 to SAR 6.73 while maintaining 23,000,000 shares, aimed at offsetting accumulated losses; second, a subsequent capital increase through a rights issue totaling SAR 160 million, raising the capital from SAR 154,753,000 to SAR 314,753,000 (an increase of 103.39%), expanding shares from 23,000,000 to 46,779,830, primarily to meet the minimum capital requirement prescribed by the Insurance Authority. Alawwal Capital has been appointed as Financial Advisor, Lead Manager, and Underwriter for both transactions, which remain subject to approval by the Capital Market Authority, relevant regulatory authorities, and the EGM.

Original announcement:

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Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.