Logo of Arabia Insurance Cooperative Co. (AICC)
The Securities Depository Center Co. (Edaa) announced depositing Arabia Insurance Cooperative Co.’s (AICC) subscribed securities into the accounts of eligible shareholders today, Dec. 22, according to a statement to Tadawul.
The insurer’s rights trading period started on Nov. 27 and ended on Dec. 4.
The Saudi insurer offered 26.50 million shares, at SAR 10 each.
Shareholders approved a capital increase by 100% through a SAR 265 million rights offering, according to data available with Argaam.
The offering was 64.65% covered via subscription to 17.13 million shares, out of 26.50 million shares. The rump offering was 100% subscribed.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}