Weqaya required to complete capital hike procedures before 14 Jan

Riyadh-Mubasher: Weqaya Takaful Insurance said it received a letter from Saudi Arabian Monetary Agency (SAMA), requesting the insurer to complete the capital increase requirements no later than 14 January 2016.

The company earlier announced that it plans to raise capital by SAR 400 million, through offering rights issue shares worth SAR 600 million.

 

  

Mubasher Contribution Time: 10-Dec-2015 06:56 (GMT)