Inaya Cooperative Insurance Launches Electronic Voting on Capital Increase Proposal

Inaya Cooperative Insurance Company announced the commencement of electronic voting on the agenda items of its extraordinary general assembly, which includes a proposal to increase the company’s capital. The voting process began today, Sunday, at 1:00 AM and will continue until the conclusion of the assembly meeting.

The company clarified that registration and voting are available and free of charge for all shareholders via the "Tadawulaty" service using the following link: www.tadawulaty.com.sa

It is important to note that Inaya Cooperative Insurance confirmed that the capital increase is aimed at meeting the minimum capital requirements for insurance companies, as well as supporting the company’s future plans and enhancing its financial solvency margin.

In terms of trading, shares of Inaya Cooperative Insurance Company (TADAWUL: 8311) experienced a decline of 1.56%, equivalent to 0.22 riyals per share, with shares currently trading around 13.90 riyals per share during Saudi stock exchange transactions.