Logo of Wataniya Insurance Co.
Wataniya Insurance Co. received letters from Juffali and SNIC Insurance Co., stating that the latter sold one million shares, representing 2.5% of Wataniya’s capital, to Juffali, in an off-market trading transaction valued at SAR 16.5 million (SAR 16.5 per share).
Accordingly, SNIC Insurance’s stake in Wataniya fell from 27.5% to 25%, the Tadawul-listed insurer said in a bourse statement.
Meanwhile, Juffali's stake in Wataniya increased from 8.63% to 11.12%.
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