SALAMA
8050
1.90%
34.95
0.65
8050
Riyadh-Mubasher: Salama Insurance said its accumulated losses reached SAR 75.82 million, representing 30.3% of capital.
The decline in losses was due to increasing capital to SAR 250 million through offering rights issue shares, the insurer said in a filing to Saudi bourse on Sunday.
Salama earlier said that 13.81 million shares were bought at a total value of SAR 138.1 million during the first and second phases of its rights issue, with a coverage ratio of 92%.
Source:
Mubasher