Falcom Financial Services appointed as the lead manager of Buruj Insurance’s IPO

25/05/2014 Argaam

Buruj Cooperative insurance Company appointed Falcom Financial Services Company as the financial advisor and lead manager of its SAR 120m rights issue IPO.

According to data compiled by Argaam; Buruj insurance announced in April receiving the Saudi Arabian Monetary Agency’s (SAMA) preliminary approval for a capital raise of SAR 120m through a rights issue.

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