Arabia Insurance submits capital hike file to CMA

25/04/2021 Argaam


Arabia Insurance Cooperative Co. (AICC) submitted today, April 25, 2021, a request to capital increase through a SAR 265 million rights issue to the Capital Market Authority (CMA), the company said in a bourse filing.

 

Any updates in the matter will be announced in due course.

 

In December 2018, AICC board of directors recommended a capital hike through a SAR 265 million rights issue.

Comments {{getCommentCount()}}

Be the first to comment

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.