Mubasher TV
Contact Us Advertising   العربية

CMA approves Arabia Insurance’s capital raise

CMA approves Arabia Insurance’s capital raise
Photo Archive
AICC
8160
-0.27% 11.26 -0.03

Riyadh – Mubasher: The Capital Market Authority (CMA) gave the green light for increasing the capital of Arabia Insurance Cooperative Company through a rights issue.

Arabia Insurance aims to raise its capital by SAR 265 million, according to a bourse statement on Sunday.

The offering price and the number of shares offered for subscription will be determined when the shareholders hold their extraordinary meeting.