Amana Insurance Names Awda Capital as Financial Advisor

Amanah Cooperative Insurance Company has announced the appointment of EoDA Capital as a financial advisor for the company's capital reduction process. This includes decreasing the nominal value of the share from 10 riyals to 7 riyals, while maintaining the total number of shares at 43 million. The appointment was made on September 8, 2026. A request for the reduction will be submitted to the Capital Market Authority, and updates will be announced later, in order to complete the relevant regulatory procedures.

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