Gulf Union Al Ahlia Cooperative Insurance Co. announces the submission of an application to increase the company's capital by offering the rights issue to the Capital Market Authority
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Gulf Union Al Ahlia Cooperative Insurance Co. on Tadawul’s website dated on 20/10/2021 Corresponding to 14/03/1443 H regarding the Board's Recommendation for Capital Increase by Offering Rights Issue,
With reference to the announcement of Gulf Union Al Ahlia Cooperative Insurance Co. on Tadawul’s website dated on 05/12/2021 Corresponding to 01/05/1443 H regarding receiving a letter from Saudi Central Bank on 02/12/2021 corresponding to 27/04/1443 H which included SAMA approval to increase the company’s capital from 229.4 Million riyals to 458.9 Million riyals by Offering Rights Issue, Provided that the company fulfills all the requirements of other official authorities with note that the approval is valid for one year from its date to complete the capital increase process.
Gulf Union Al Ahlia Cooperative Insurance Co. announces the submission of an application to increase the company's capital by offering the rights issue to the Capital Market Authority for approval, on Tuesday 28/12/2021 Corresponding to 24/05/1443 H |
| Date of Submitting the Application File to CMA | 2021-12-28 Corresponding to 1443-05-24 |
| Application Subject | Application to increase the company's capital by offering the rights issue |
| Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website | 2021-10-20 Corresponding to 1443-03-14 |
| Additional Information | Announcements will be made later for any future developments once they are available and must be announced. |
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