Buruj Cooperative Insurance Co. said it received on Monday a no-objection letter from Saudi Arabian Monetary Authority (SAMA) regarding its proposed capital increase.
The company will complete all related regulatory approvals and processes, the insurer said in a bourse statement.
On Monday, Buruj’s board of directors recommended a 20 percent capital increase to SAR 300 million from SAR 250 million through issue of one bonus share for every five shares held, Argaam previously reported.
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}}