Arabia Insurance’s BOD recommends SAR 150 million capital raise through a rights issue

08/06/2014 Argaam

Arabia Insurance Cooperative Company’s Board has decided to amend its SAR 100 million capital raise recommendation to SAR 150 million through a rights issue after obtaining the regulatory authorities’ and extraordinary GA’s approvals.

 

The capital raise is intended to support the company’s growth, expansions and required solvency margin; the company said in its filing to Tadawul today.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read