Logo of Allied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group (ACIG) submitted today, Aug. 29, its application to the Capital Market Authority (CMA) to increase its capital through a rights issue, according to a statement to Tadawul.
Any fundamental developments in this regard will be duly announced, as per the relevant laws and regulations, the statement added.
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In October 2023, ACIG's board of directors recommended a SAR 209 million rights issue to increase the company’s capital, according to Argaam's data.
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