Gulf Union's BOD recommends SAR 200 million capital raise through a rights issue

Gulf Union Cooperative Insurance Company’s Board has decided to amend its SAR 165 million capital raise recommendation to SAR 200 million through a rights issue after obtaining the regulatory authorities’ and extraordinary GA’s approvals.

According to the data available on "Argaam", Gulf Union Cooperative Insurance Company's Board has recently recommended SAR 165 million capital raise through a rights issue.