Arabia Insurance names Al Rajhi Capital as financial advisor to manage rights issue

18/10/2022 Argaam

Arabia Insurance Cooperative Co. (AICC) appointed, on Oct. 17, Al Rajhi Capital as a financial advisor to manage its rights issue instead of Alinma Investment, the company said in a statement to Tadawul.

 

The related developments will be duly revealed, the statement added.         

 

AICC announced, on Oct. 29, 2020, appointing Alinma Investment as a financial advisor to manage its SAR 265 million rights issue, Argaam reported. 

 

In December 2018, AICC board of directors recommended a capital hike through a SAR 265 million rights issue, according to data available on Argaam.

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