Bupa approves SAR 800 mln capital raise

08/12/2015 Argaam

Bupa Arabia for Cooperative Insurance Co. said it approved on Tuesday a 100 percent capital raise from SAR 400 million to SAR 800 million through the issuance of a bonus share for every one share.

 

Capital Raise Details

SAR 400 mln

Current capital

SAR 800 mln

New capital

40 mln shares

Number of shares

80 mln shares

Share after capital hike

100% (one share for every share)

Capital raise percentage

December 7, 2015

Record date
 

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