SABB Takaful calls for Extraordinary General Meeting to vote for the rights issue

The meeting has been called following approval by the Capital Market Authority (CMA), on 28 June 2009, of an application to increase the company's capital through a rights issue with a total value of SAR300m.

Dr. Yazid AbdulRahman Al Ohaly, Chairman of SABB Takaful said:

"At the EGM, eligible shareholders will vote to increase the capital of SABB Takaful through a rights issue at the recommended price of offered shares."

Aldukheil Financial Group has been appointed by the Company to act as Financial Advisor and Lead Manager for the rights issue, while Saudi Hollandi Capital has been appointed to act as the Underwriter.

The rights issue offering is being made to SABB Takaful shareholders registered with Tadawul at the close of trading on the date of the EGM.

Shareholders owning 20 or more shares may attend the EGM in person or nominate another shareholder through a power of attorney.

Attendance to the EGM will be open for all eligible shareholders from 5:00 pm onwards at the headquarters of the Saudi British Bank, Prince Abdul-Aziz Bin Musaed Bin Jalawi Street, Riyadh. Those wishing to attend the meeting should register their names and the number of shares they own or represent on the day of the EGM between 3:30 pm and the start of the meeting.