Saudi Enaya requests CMA nod on capital increase via rights issue

18/04/2024 Argaam
Logo ofSaudi Enaya Cooperative Insurance Co.

Logo of Saudi Enaya Cooperative Insurance Co.

Saudi Enaya Cooperative Insurance Co. submitted, on April 17, a file to the Capital Market Authority (CMA) requesting approval on a capital increase via a rights issue, according to a statement to Tadawul.

 

Any developments in this regard will be announced later, the statement added.

 

For More IPOs

 

The Saudi insurer’s board of directors recommended, on Dec. 10, 2023, increasing capital to SAR 380 million via a SAR 150 million rights issue, data compiled with Argaam showed. 

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