Gulf Union gets approval to raise capital to SAR 220 mln

17/09/2015 Argaam

Gulf Union Cooperative Insurance Co. received approval on Thursday to raise its capital from SAR 165 million to SAR 220 million through a rights issue.

 

The Saudi Arabian Monetary Agency (SAMA) has given the company the greenlight, given that the insurer completes the required legal procedures from other relevant authorities.

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