Gulf Union Cooperative Insurance Co.’s shareholders are set to vote on a proposed capital hike to SAR 241.94 million from SAR 150 million by issuing 9.194 million ordinary shares, on Jan. 27, 2019, the company said in a bourse statement.

 

The step aims to acquire all the shares of Al-Ahlia Insurance Co. through securities exchange.

 

Key Figures of Capital Hike

Current Capital

SAR 150 mln

Number of shares

15 mln

Hike (%)

61.3%

New Capital

SAR 241.94 mln

New number of shares

24.19 mln

Record date

After the end of Al Ahlia’s creditors objection period

 

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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request