The Capital Market Authority (CMA) announced the status of the companies requesting approvals for capital raise through rights issue as follows:
|
Company |
Status |
|
Saudi Arabian Cooperative Insurance Company (SAICO) |
The request will be submitted to CMA’s board within 2 weeks of this announcement |
|
Buruj Cooperative Insurance Company |
The request will be submitted to CMA’s board within 2 weeks of this announcement |
|
The Saudi Indian Company for Co-operative Insurance (Wafa) |
The request will be submitted to CMA’s board within 2 weeks of this announcement |
|
AXA Cooperative Insurance Company |
The request will be submitted to CMA’s board within 2 weeks of this announcement |
|
Al Alamiya for Cooperative Insurance Company |
The request will be submitted to CMA’s board within 2 weeks of this announcement |
|
Al-Rajhi Takaful Company for Cooperative Insurance |
The company and its financial advisor are still working on completing the capital raise request file |
|
Saudi united Cooperative insurance Company (Walaa) |
The company and its financial advisor are still working on completing the capital raise request file |
|
United Cooperative Assurance Company |
The company and its financial advisor are still working on completing the capital raise request file |
The CMA said that these are the only capital raise through rights issue requests it has received till now emphasizing the procedures to be applied by the Companies requesting a capital raise approval as follows:
Comments
{{DisplayName}}
{{ElapsedTime}}