Photo Credit: Arabianeye-Reuters
SAICO
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Riyadh-Mubasher: Saudi Arabian Cooperative Insurance Co. (SAICO) will start the first phase of its rights issue on Tuesday.
The insurer plans to offer 15 million shares at SAR 10 each, as it aims to raise its capital by 150% from SAR 100 million to SAR 250 million.
Shareholders of record on 31 May are eligible for the first phase which will continue until 18 June.
Source:
Mubasher
