Malath Cooperative Insurance and Reinsurance Co. (Malath Insurance) has appointed Alistithmar Capital as financial advisor to manage its rights issue, the insurer said in a statement to Tadawul on Tuesday.
The company will announce further updates as they happen, the statement added.
Last week, the Saudi Arabian Monetary Authority (SAMA) approved Malath Insurance’s request to increase its capital by SAR 380 million through a rights issue.
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