| Element List |
Explanation |
| Introduction |
With reference to Salama Cooperative Insurance Company’s announcement on 08/09/1445 corresponding to 18/03/2024 of the board of directors’ recommendation to increase the company’s capital by offering right issue, the company is pleased to announce the appointment of the financial advisor Alawwal capital company To increase the company’s capital by offering right issues 100,000,000 SAR to the new company’s capital after the increase of 300,000,000 SAR. |
| Name of Financial Advisor |
Alawwal Capital Company |
| Financial Advisor Appointment Date |
2024-03-21 Corresponding to 1445-09-11 |
| Reason for Replacing Financial Advisor |
Not applicable |
| Additional Information |
Announcement will be made later when submitting capital increase application files to the Capital Market Authority and when there are any further developments in this regard. |
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