ACIG names Alistithmar Capital as financial advisor for rights issue

21/12/2023 Argaam
Logo ofAllied Cooperative Insurance Group (ACIG)

Logo of Allied Cooperative Insurance Group (ACIG)

Allied Cooperative Insurance Group (ACIG) appointed Alistithmar for Financial Securities and Brokerage Co. (Alistithmar Capital) as the financial advisor to manage the subscription to rights issue shares. 

 

In a statement to Tadawul, the insurer said that it will make an announcement when submitting the capital increase file to the Capital Market Authority (CMA), and upon any future developments that may occur. 

 

In October, ACIG’s board of directors recommended a capital increase by issuing rights shares worth SAR 209 million, Argaam reported earlier.

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