Gulf Union says to file with CMA for rights issue

Riyadh – Mubasher: Gulf Union Cooperative Insurance Co. said on Thursday it along with its financial advisor AlJazira Capital are preparing a request to be submitted in January to the Capital Market Authority (CMA) to approve the company’s capital increase.

The company announced earlier in May a plan to raise capital through a rights issue

Mubasher Contribution Time: 03-Dec-2015 13:10 (GMT)