Saudi United Cooperative Insurance Company (Walaa) approved on Tuesday a SAR 240 million rights issue to raise its capital from SAR 200 million to SAR 400 million.
|
Capital Raise Details |
|
|
SAR 200 mln |
Current capital |
|
20 mln shares |
Number of shares |
|
100% |
Capital raise percentage |
|
SAR 400 mln |
New capital |
|
40 mln shares |
Number of Shares after raise |
|
Rights Issue |
|
|
20 mln |
Number of new rights issue shares |
|
SAR 12 per share |
Issuance price |
|
SAR 240 mln |
Issuance value |
|
April 27, 2015 |
Record date |
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