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Tadawul announces Gulf General’s rights issue subscription period

Tadawul announces Gulf General’s rights issue subscription period
The trading period will end on Monday, 12 July
GULF GENERAL
8260
94.44% 14.00 6.80

Riyadh – Mubasher: Saudi Exchange (Tadawul) said trading and subscription to Gulf General Cooperative Insurance Company’s rights issue will begin on Monday, 5 July.

Tadawul added that the trading period will end on Monday, 12 July, while the subscription will remain until Thursday, 15 July, according to a bourse disclosure.

Last week, the shareholders of Gulf General approved increasing the capital by 150% or SAR 300 million through a rights issue.