Walaa gets SAMA nod on SAR 425 mln capital hike via rights issue

21/11/2023 Argaam

Walaa gets SAMA nod on SAR 425 mln capital hike via rights issue

Logo of Walaa Cooperative Insurance Co.

Saudi Central Bank (SAMA) approved the request received from Walaa Cooperative Insurance Co. to increase its capital by SAR 425 million through a rights issue, the insurer said in a statement to Tadawul today, Nov. 21.

 

Walaa added that any future developments will be announced, while noting that the approval was received on Nov. 20.

 

On Sept. 17, the board recommended increasing the company’s capital through a SAR 425 million rights offering, Argaam earlier reported.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read