Walaa gets initial nod for capital increase

24/04/2014 Tadawul

Saudi United Cooperative Insurance Company (WALAA) said on Thursday it received a regulatory approval of its planned SAR 200 million capital increase.

Following the approval of Saudi Arabian Monetary Agency, the company will pursue complementary procedures with Ministry of Trade and Industry and other regulators.

The capital increase will be through a 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.