Arabia Insurance launches second stage of rights issue

26/04/2015 Argaam
Arabia Insurance Cooperative Company (AICC) launched on Sunday the second stage of its rights issue, which will continue to April 28.
 
Registered shareholders and investors who bought rights during the first stage are allowed to exercise their rights. Rights, however, are not allowed to be traded during this stage.
 
According to regulations adopted by the Capital Market Authority, Saudi’s market regulator, rights issues are to be held over two stages. 
The first stage of AICC’s rights issue took place from April 14 to April 23.
 
IPO

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