Edaa deposits Medgulf shares into investor accounts

13/09/2018 Argaam

 

The Securities Depository Center (Edaa) said it will deposit the bank rights of the Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) into the investor’s portfolios, today, Thursday September 13, 2018.

 

MedGulf’s general assembly lately approved a 100 percent capital hike to SAR 800 million from SAR 400 million through a rights issue.

 

The SAR 400 million rights issue will begin on Sep. 17, and will continue until Sep. 27, 2018, the insurer said in bourse statement.

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