Saudi Enaya Cooperative Insurance Co. will begin its rights issue tomorrow, Dec. 17, to raise its capital to SAR 300 million from SAR 100 million, the company said in a bourse statement.

 

The rights will be tradable until Dec. 24, and subscription period will run until Dec. 27.

 

Shareholders approved on Dec. 12 a 200 percent capital hike through issuing two shares for every outstanding share, Argaam previously reported.

 

The capital increase aims to improve the company's solvency margin and support the financial position.

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.

Related News

Saudi Enaya shareholders approve capital hike

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request