Mubasher: The Jordan Securities Commission (JSC) said Thursday it approved the coverage of unsubscribed rights issue shares of The Holy Land Insurance Ltd, which amount to 1.39 million.
The coverage will be carried out through allocating these shares to the company’s shareholders Bahauddin Moheiddin Almozaffar (with 1.38 million shares) and Samr Bahauddin Almozaffar (with 7,670 shares).
The allocation is conditional on banning sale of these shares for one year.
The company earlier announced a capital increase by JOD 607,730 to JOD 6.61 million.
