Gulf Union hires Saudi Hollandi Cap as advisor for capital reduction

26/05/2016 Argaam

Gulf Union Cooperative Insurance Co. appointed Saudi Hollandi Capital on Thursday as financial advisor for its capital reduction, the insurer said in a statement to Tadawul.

 

In April, the company withdrew a request submitted earlier to the Capital Market Authority (CMA) to cut its capital by SAR 90 million due to market conditions, Argaam earlier reported.

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