Al-Rajhi Takaful secures regulatory approval of capital increase

20/08/2014 Argaam

Saudi Arabian Monetary Agency (SAMA) approved Al-Rajhi Takaful’s capital increase request, asserting that its approval does not entail an opinion of the feasibility of the decision.

SAMA said the approval shall not constitute an invitation to investors to subscribe to the capital increase, and invited potential investors to carefully study the company’s related prospectuses.

Al-Rajhi Takaful said earlier it received initial approval from SAMA to increase its capital by SAR 200 million through a rights issue.

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