Buruj Cooperative Insurance Co. said it received on Monday a no-objection letter from Saudi Arabian Monetary Authority (SAMA) regarding its proposed capital increase.
The company will complete all related regulatory approvals and processes, the insurer said in a bourse statement.
On Monday, Buruj’s board of directors recommended a 20 percent capital increase to SAR 300 million from SAR 250 million through issue of one bonus share for every five shares held, Argaam previously reported.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}