Logo of Saudi Enaya Cooperative Insurance Co.
Saudi Enaya Cooperative Insurance Co. received on March 19 the Insurance Authority’s approval to increase its capital by SAR 150 million to SAR 380 million, through a rights shares offer, the insurer said in a statement to Tadawul.
In December 2023, Saudi Enaya’s board of directors recommended increasing the company’s capital with the aim to comply with the minimum capital requirements for insurance companies, in addition to supporting plans and solvency margins, Argaam earlier reported.
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