Amana Insurance submits capital hike request to CMA

14/08/2018 Argaam

 

Amana Cooperative Insurance Co. on Tuesday submitted a request to the Capital Market Authority (CMA), the Kingdom's market regulator, to raise its capital, the company said in a bourse statement.

 

 Last week, the insurer obtained final approval from the Saudi Arabian Monetary Authority (SAMA) for its proposed SAR 100 million capital hike to SAR 240 million through rights issue, according to data available on Argaam.

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