Al Ahlia for Cooperative Insurance Co. on Wednesday submitted its request to cut capital through a rights issue to the Capital Market Authority (CMA), the company said in a bourse statement.
Any updates regarding the capital cut and the following capital hike processes will be announced in a timely manner, the statement added.
In March, the insurer’s board of directors recommended a 23.13 percent capital cut to offset accumulated losses followed by a capital hike through a SAR 127 million rights issue.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}