Enaya Insurance Co.’s general assembly approved a 50 percent capital reduction from SAR 400 million to SAR 200 million, the insurer said in a statement.
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Capital Reduction Details |
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Current capital |
SAR 400 mln |
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No. of shares |
40 mln |
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Capital reduction |
50% (one share for every two shares) |
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Capital after reduction |
SAR 200 mln |
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No. of shares after reduction |
20 mln |
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