Saudi Indian Company for Cooperative Insurance (Wafa Insurance) has appointed today Saudi Kuwaiti Finance House as financial advisor for its capital reduction, the insurer said in a statement on Tadawul.
Earlier this month, the company’s board of directors recommended cutting capital by 18.03 percent to SAR 100 million from SAR 122 million (0.541 shares for every three outstanding shares).
The move aims to restructure capital in order to offset the accumulated losses and support future growth.
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}}