AICC requests SAR 200 mn capital raise through a rights issue

21/12/2014 Argaam

Arabia Insurance Cooperative Company (AICC) submitted a request to Capital Market Authority (CMA) to approve its SAR 200 mn capital raise through a rights issue.
 

According to data available on “Argaam”; AICC appointed Al Jazira Capital as a lead manager for its rights issue IPO in October 2014. The Company also received SAMA’s approval on SAR 200 mn capital raise through rights issue in September 2014.

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