Saudi regulator OKs capital raise requests for Walaa Insurance, Arabian Cooperative

02/03/2015 Argaam
The Capital Market Authority, Saudi Arabia’s market regulator, approved today requests submited by Walaa Insurance Co. and Arabian Insurance Cooperative (AICC) to increase their respective capitals through rights issues, according to a statement by the regulator. 
 
Arabian Insurance plans to raise SAR 200 million, while Walaa targets SAR 240 million, according to the statement.

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