Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) delisted Weqaya Takaful Insurance and Reinsurance Company, as of the end of Tuesday’s trades (30 May 2017).
The move came after the Capital Market Authority (CMA) had delisted the shares of the company for not abiding by the regulations to resolve its situation.
Weqaya’s accumulated losses reached SAR 298.14 million by the end of 2015, representing 149% of its capital.
