MetLife appoints advisor for capital reduction

01/03/2018 Argaam

MetLife AIG ANB has named Saudi Kuwaiti Finance House to manage its proposed capital cut, the company said in a bourse statement.

 

The cooperative insurance company received this week regulatory approval to reduce its capital by SAR 170 million in order to offset accumulated losses.

 

Comments {{getCommentCount()}}

Be the first to comment

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.