Logo of Saudi Enaya Cooperative Insurance Co.
Saudi Enaya Cooperative Insurance Co.’s shareholders approved the board’s recommendation to increase capital by a SAR 130 million rights issue, during the extraordinary general meeting (EGM) held on Nov. 6, according to a statement to Tadawul.
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Capital Increase Details |
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Current Capital |
SAR 100 mln |
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Number of Shares |
10 mln |
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New Capital |
SAR 230 mln |
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New Number of Shares |
23 mln |
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Percentage of Increase |
130% (1.3 rights for every one share) |
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Method |
Issuing 13 mln shares |
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Reason |
To support future plans and boost solvency |
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Record Date |
Nov. 6, 2022, for shareholders registered with Edaa on the second trading day following the record date |
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