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SALAMA

06 June, 2024 08:40

Salama Cooperative Insurance Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA

Element ListExplanation
Introduction Salama Cooperative Insurance Company Announces the Submission of an Application File to Increase its Capital by Offering Rights Issue to the Capital Market Authority.
Date of Submitting the Application File to CMA 2024-06-05 Corresponding to 1445-11-28
Application Subject With reference to the announcement of Salama Cooperative Insurance Company on 08-09-1445 AH Corresponding to 18-03-2024 AD relating to the recommendation of the Board of Directors to increase the company's capital by offering rights issues of (100 million SAR). Which is subject to the approval of the relevant official authorities and the Extraordinary General Assembly. and with reference to the Company’s announcement on 26-11-1445AH Corresponding to 03-06-2024 AD regarding the Insurance Authority no objection to increase the company's capital by offering rights issues from (200 million SAR) to (300 million SAR) SAR. subject to meeting the requirements of other official authorities. Salama Cooperative Insurance Company Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to the Capital Market Authority Yesterday Wednesday 28-11-1455 AD corresponding to 05/06/2024.
Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website 2024-03-18 Corresponding to 1445-09-08
Additional Information Any developments in this regard will be announced later.

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