Wataniya Insurance ​approves SAR 100 mln ​rights issue​

16/04/2015 Argaam

Wataniya Insurance Company​'s ​board of directors ​approved on Wednesday raising its ​capital through a SAR 100 million​ rights issue.


The raise is intended to support the insurer’s margin and finance its future activities.

The issuance price per share and number of shares to be issued will be determined at the company’s extraordinary general assembly meeting​, which will be announced at a later date. 

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