Malath issues prospectus for SAR 380 mln capital hike

12/09/2017 Argaam

Malath Cooperative Insurance Co. has issued the prospectus for its upcoming SAR 380 million capital increase through a rights issue.

 

Shareholders of record on the second day after the extraordinary general assembly meeting date will be eligible to participate in the offering, the company said on Tuesday.

 

A total of 38 million shares will be offered at SAR 10 each.

 

In July, the Saudi market regulator, the Capital Market Authority (CMA), approved a request from the insurer to increase its capital by SAR 380 million through a rights issue.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.