Al Alamiya launches second stage of rights issue

Al Alamiya for Cooperative Insurance Company launched on Sunday the second stage of its rights issue.

The second ​stage is open to all rights holders, whether registered shareholders or investors who purchased rights during the first trading period. Priority rights, however, cannot be traded at this stage.

According to the Capital Market Authority (CMA), the company’s rights issue​ had been scheduled to take place in two stages.

The first phase, which ended on Thursday, was open to the public, as well as shareholders looking to trade rights.