Wataniya Insurance gets cbank nod for capital hike

26/10/2015 Argaam

Wataniya Insurance Co. has won the approval of the Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, to raise its capital through a SAR 100 million rights issue, the company said in a bourse statement.

 

The capital hike is intended to support the insurer’s margin and finance its future activities.

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