Weqaya Takaful's BOD recommends SAR 400 m capital raise through a rights issue

20/05/2014 Argaam

The BOD of Weqaya Takaful Insurance and Reinsurance Company has decided on 15/04/2014 to amend its SAR 150m capital raise recommendation to SAR 400m  due to the company’s current  financial situation.

The capital raise is to take place through a rights issue after obtaining competent regulatory authorities’ and extraordinary GA’s approvals. 

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