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ACIG receives regulatory nod for capital hike

ACIG receives regulatory nod for capital hike
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ACIG
8150
-0.82% 42.10 -0.35

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved for Allied Cooperative Insurance Group (ACIG) to increase its capital through rights issue shares.

The company aims to raise the capital by SAR 150 million, according to a statement by the CMA on Monday.

ACIG had submitted its request to the CMA for the capital increase last January.