Riyadh - Mubasher: Malath Cooperative Insurance and Reinsurance announced on Monday that it has appointed Alistithmar Capital as the financial consultant to cut the company’s capital, according to a bourse filing.
The company added in a statement to the Saudi Stock Exchange (Tadawul) that it will announce any information regarding future developments when available.
Malath announced on 12 December that the Saudi Arabian Monetary Agency (SAMA) approved decreasing the company's capital by 60% or SAR 180 million from SAR 300 million to SAR 120 million.
