Buruj Cooperative Insurance Co. is currently reviewing plans to invest SAR 20.98 million in remaining proceeds generated from a rights issue last year, the insurer said in a statement to Tadawul.
In October, Buruj used SAR 103.23 million in proceeds to fulfill its solvency margin requirements.
Direct and indirect costs associated with the offering stood at SAR 4.7 million, while SAR 12 million was added to the statutory deposit in line with the capital increase requirements.
Comments
{{DisplayName}}
{{ElapsedTime}}