Saudi Enaya submits capital hike request to CMA, Tadawul

25/09/2018 Argaam

 

Saudi Enaya Cooperative Insurance Co. on Thursday submitted its request to increase capital through a rights issue to the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul), the insurer said in a bourse statement.

 

In December, Saudi Enaya’s board of directors recommended a capital increase through a SAR 200 million rights issue.

 

The insurer’s  general assembly in June approved cutting capital to SAR 100 million from SAR 200 million to offset accumulated losses.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read