Al Sagr Cooperative Insurance Co.’s shareholders are set to vote on a 60 percent capital hike to SAR 400 million from SAR 250 million, on July 29, 2018.

 

The capital hike aims to support the company's capital base and future expansions. 

  

Key Figures of the Capital Hike

Current Capital

SAR 250 mln

Number of shares

25 mln shares

Hike (%)

60% (3 for every 5 shares)

New Capital

SAR 400 mln

New number of shares

40 mln shares

Method

Bonus shares

Driver

supporting capital base and future expansions. 

Comments 0

Be the first to comment

loader Train
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.

Market Indices

TASI
11,302.76
108.74 0.97 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,100.0011,200.0011,300.0011,400.0011,500.0011,600.00
Close : 11302.76 | Apr 8, 15:20
More

Quotes

ALSAGR INSURANCE
14.74
0.24 1.66%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,100.0011,200.0011,300.0011,400.0011,500.0011,600.00
Close : 11302.76 | Apr 8, 15:20
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

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