AMANA INSURANCE
8310
1.52%
10.66
0.16
8310
Riyadh – Mubasher: Amana Cooperative Insurance Company has registered a 71.91% coverage rate of its right issue and subscription volume.
A total of 21.57 million shares were subscribed at a value of SAR 215.73 million, according to a bourse filing.
Moreover, the listed company noted that the 8.42 million rump shares will be offered for subscription during 21-22 June.
Last May, the shareholders of Amana Cooperative Insurance greenlighted a 230.70% capital hike recommendation by offering a rights issue.
The Saudi insurer planned to increase its capital by SAR 300 million to SAR 430 million from SAR 130 million.
Source:
Mubasher