Amana Insurance hires NCB Cap to advise on capital hike

20/03/2018 Argaam

 

Amana Cooperative Insurance Co. on Tuesday has hired NCB Capital as financial advisor for its capital increase program, the company said in a statement to Tadawul.

 

In September 2016, the insurer’s board of directors proposed a SAR 100 million rights issue, in order to boost solvency margin and support future activities, Argaam reported.

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