Riyadh – Mubasher: Wataniya Insurance will start the first stage of subscription period of its capital hike on Tuesday, 9 August, and will end on 18 August.
The company’s extraordinary general meeting (EGM) approved on 31 July to double the company’s capital, from SAR 100 million to SAR 200 million. Ten million preference shares will be sold at SAR10 per share.
The second stage of the subscription will start on Sunday 21 August and will last for three days till 23 August, Bassam Al-Mubarak, CEO of at Arab National Bank Investment Co., said.
Equity shareholders whether the registered or who purchased the preference shares during the trading period will be entitled to subscribe. Preference shares could not be subscribed at this stage.
