AICC gets regulatory approval of SAR 200 mln capital increase

22/09/2014 Argaam

Arabia Insurance Cooperative Company (AICC) received yesterday regulator’s approval of its SAR 200 million rights issue, a filing to Tadawul said.

Following the approval of Saudi Arabian Monetary Agency (SAMA), the sector’s regulator, AICC said it had to finalize subsequent requirements by SAMA in the coming three months. 

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