Logo of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)
Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) received on Nov. 26 a letter from Al Rajhi Insurance Co. Ltd. Bahrain indicating that 10.6 million shares, or a stake of 26.5%, were transferred to the investment portfolios of shareholders pro rata, according to a statement to Tadawul.
Accordingly, Al Rajhi Takaful’s major shareholders list will change, the statement added.
The Bahraini company, which was established in 1990 with SAR 9.95 million capital, was 51% owned by Abdullah bin Sulaiman Al Rajhi and 49%-owned by Sultan Abdullah Al Rajhi.
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