Logo ofSalama Cooperative Insurance Co.
Shares of Tadawul-listed Salama Cooperative Insurance Co. have their ex-rights today, Dec. 11, in case the company’s ordinary general meeting (OGM) is held. 
Salama’s board of directors has recommended a 50% capital increase, raising it from SAR 200 million to SAR 300 million. The proposal includes granting one rights issue share for every two shares held by registered shareholders.
The capital hike aims to meet the Insurance Authority’s (IA) minimum capital requirements within the specified timeframe.
Logo ofSalama Cooperative Insurance Co.
Shares of Tadawul-listed Salama Cooperative Insurance Co. have their ex-rights today, Dec. 11, in case the company’s ordinary general meeting (OGM) is held.
Salama’s board of directors has recommended a 50% capital increase, raising it from SAR 200 million to SAR 300 million. The proposal includes granting one rights issue share for every two shares held by registered shareholders.
The capital hike aims to meet the Insurance Authority’s (IA) minimum capital requirements within the specified timeframe.
