MedGulf appoints Saudi Fransi Capital as advisor for capital hike

15/04/2018 Argaam

The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) appointed on April 11 Saudi Fransi Capital as financial advisor for its capital hike through rights issue, the insurer said in a statement to Tadawul.

 

In February, the firm’s board of directors recommended a SAR 400 million capital increase to help improve solvency and support its business, Argaam previously reported.

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