Al Sagr gets IA’s nod on capital hike to SAR 300M via rights issue
Logo ofAl Sagr Cooperative Insurance Co.
Al SagrCooperative Insurance Co.announcedtoday, Dec. 10, receiving the approval of the Insurance Authority (IA)on increasing its capital from SAR 140 million to SAR 300 millionthrough a rights issue, according to a statement to Tadawul.
The letter also included the authority’s approval to amend the capital article in the company’s bylaws in accordance with the new capital…
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