"The Board of Directors of the Cooperative Insurance Company at its meeting held on Monday, recommended a cash dividend on the shareholders of the company last year (2020).

"The company said in a statement to the Saudi market (Tadawul) on Tuesday that the recommendation includes the distribution of about 100 million riyals at 125 million shares, by 0.8 riyals (80 halala ) For each share.

> She noted that the entrance to the profits for the shareholders of the company's owners at the end of the company's public meeting, which will be announced later, and the company's records are announced at the end of the second day following the following date Assembly.

The company said the date of dividend will be announced later, after obtaining the approval of the General Assembly on the recommendation.

The financial results revealed the company during 2020 net profit rose about 28% to SR 514.459 million for 402.165 million riyals in 2019.