Saudi Enaya gets SAMA’s nod on rights issue

11/07/2018 Argaam

 

Saudi Enaya Cooperative Insurance Co. said it received on Tuesday a no-objection letter from Saudi Arabian Monetary Authority (SAMA) regarding its proposed SAR 200 million capital increase through rights issue.


The approval is conditional upon completing all other related regulatory approvals and processes, the insurer said in a bourse statement.

 

Last December, the Company’s board of directors recommended a SAR 200 million capital hike through rights issue, Argaam reported earlier.

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.