Tadawul sets SAICO's fluctuation limit after capital hike

10/06/2018 Argaam

Saudi Arabian Cooperative Insurance Co.'s (SAICO) daily trading fluctuation limit after its capital increase will be based on a share price of SAR 14.66 as of today, the Saudi Stock Exchange (Tadawul) said in a statement.

 

The Securities Depository Center (Edaa) will deposit the additional shares into the investor’s portfolios by June 12, the statement added.

 

Last month, the Capital Market Authority approved the insurer's request to increase its capital from SAR 250 million to SAR 300 million, through the issuance of one bonus share for every five existing shares.

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.