ACIG submits capital increase file to CMA

29/08/2024 Argaam
Logo ofAllied Cooperative Insurance Group (ACIG)

Logo of Allied Cooperative Insurance Group (ACIG)

Allied Cooperative Insurance Group (ACIG) submitted today, Aug. 29, its application to the Capital Market Authority (CMA) to increase its capital through a rights issue, according to a statement to Tadawul.

 

Any fundamental developments in this regard will be duly announced, as per the relevant laws and regulations, the statement added.

 

For more news on listed companies

 

In October 2023, ACIG's board of directors recommended a SAR 209 million rights issue to increase the company’s capital, according to Argaam's data.

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