Logo of Saudi Re

Saudi Re for Cooperative Reinsurance Co. announced that it received on April 13, 2021, the Saudi Central Bank’s (SAMA) no objection to increase the company's capital to SAR 891 million from SAR 810 million, through 1-for-10 bonus share distribution.

 

The company will announce any future developments in this regard, it said in a statement to Tadawul.

 

In March, Saudi Re’s board of directors recommended a capital increase, through capitalizing SAR 81 million from retained earnings, in order to strengthen capital base and support future activities, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Re board plans capital hike to SAR 891 mln through 10% bonus shares

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request