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United Cooperative Assurance Co (UCA). Announces an update on United Cooperative Assurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues.

8190
UCA
-3.11 %
1445/11/11     19/05/2024 16:14:11

Element ListExplanation
Introduction With reference to the announcement of United Cooperative Assurance Co. dated 27-05-1445H (corresponding to 11-12-2023G) regarding the Board of Directors’ recommendation to increase the company’s capital through Rights Issue.

United Cooperative Assurance Co. would like to announce to shareholders the Board of Directors’ decision to appoint Alinma Investment Company as the financial advisor for the offering.

Previous Announcement United Cooperative Assurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues.
Date of Previous Announcement on Saudi Exchange’s Website 2023-12-11 Corresponding to 1445-05-27
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event Appoint Alinma Investment Company as the financial advisor for the offering.
The costs associated with the event, and if they have changed or not with indication of the reasons. N/A
Additional Information The company will announce when submitting the capital increase application through rights issue to the Capital Market Authority at the time, and any future developments that require to be announced when it's available.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 10.6
Net Change -0.34 (-3.11%)
Value Traded (Sar) 5,372,989.22
Volume Traded 500,042
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