The Company for Cooperative Insurance (Tawuniya) confirms Abdulaziz Alnowaiser has stepped down as Chairman and non-executive board member. The resignation follows his prior role in the company’s leadership structure. No successor or reason for the departure is disclosed in the announcement.
Saudi Arabia’s Securities Depository Center Co. (Edaa) submits a request to increase the number of securities for Tawuniya. The move follows a capital increase announcement by Tawuniya, a Saudi cooperative company. Edaa facilitates the registration and settlement of securities transactions in the Kingdom.
The Company for Cooperative Insurance (Tawuniya) approves a 1-for-2 bonus share issue, increasing its capital by 50%. The decision follows a vote at the company’s extraordinary general meeting (EGM). The move aims to strengthen Tawuniya’s financial position through internal capital restructuring.
Tawuniya, the Saudi cooperative insurance company, achieves a **27% market share** in Q1 2025, according to CEO O. The company’s leadership projects stabilization in the second quarter. Tawuniya operates within Saudi Arabia’s insurance sector, competing with both local and international providers.