21 Hrs
Source:
مباشر
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Source: مباشر
21 Hrsمباشر
Source: مباشر
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The Saudi Capital Market Authority has approved an increase in the share capital of United Group for Cooperative Insurance "Asij" from 291 million riyals to 300 million riyals through the issuance of 900,000 new shares with a total value of 9 million riyals, while suspending existing pre-emptive rights. The offering will be targeted at specific investor categories to strengthen the company's financial position and support its operational plans, subject to approval by the extraordinary general assembly within six months and completion of legal procedures. The Authority clarified that the assessment of the investment's feasibility is the responsibility of the investor and the general assembly, and it is limited to ensuring compliance with regulatory requirements.
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