United Cooperative Assurance Company’s rights issue was 51 percent subscribed by the end of its eighth day, according to Alistithmar Capital, the lead manager and lead underwriter of the offering.
The first stage of the rights issue, open to registered shareholders, started Feb. 24 and will continue until March 5.
The insurance company is offering 21 million shares at SAR 10 per share to raise its capital from SAR 280 million to SAR 490 million, according to data available on Argaam.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}