Saudi Fransi appointed as the lead manager of AXA Insurance’s rights issue

27/05/2014 Argaam

AXA Cooperative insurance Company appointed Saudi Fransi Capital as the financial advisor and lead manager of its SAR 250m rights issue.

According to data compiled by Argaam; AXA insurance announced in April receiving the Saudi Arabian Monetary Agency’s (SAMA) preliminary approval for a capital raise of SAR 250m through a rights issue.

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