Asij updates Dyar Al Arabia subscription schedule
The "Assosig" Cooperative Insurance Group announced the signing of an additional annex to the underwriting agreement with Diyar Al-Arabia Investment Company, aimed at modifying the timeline for fulfilling the preconditions for increasing the company's capital through a share offering with the cancellation of the preference rights. The amendment includes redefining the "final date" to be the day following five business days from the convening of the extraordinary general assembly to approve the increase, or any other date mutually agreed upon in writing. The company confirmed that the underwriting agreement remains fully effective with all its legal implications according to the new amendments, as part of its efforts to complete the capital increase process, without any change in costs or immediate financial impact on the current financial statements.
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