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Saudi Enaya Cooperative Insurance Company announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | With reference to Saudi Enaya Cooperative Insurance Company (“The Company”) announcement on 27/05/1445H (Corresponding to 11/12/2023G) regarding the Board of Directors’ recommendation to increase the Capital of the Company through rights issue with a value of 150 million Saudi riyals, the capital after the increase becomes 380 million Saudi riyals. And with reference to the company’s announcement on the Saudi Stock Exchange (Tadawul) website on 10/09/1445 AH (corresponding to 20/03/2024) that it had received the Insurance Authority’s letter dated 09/09/1445 AH (corresponding to 19/03/2024) containing the Insurance Authority’s approval of Increasing the company's capital by offering rights issue, provided that the company fulfills all requirements of other official authorities. The Company wishes to inform its shareholders that it has submitted the application file to increase the capital via rights issue offering amounting 150,000,000 Saudi Riyals to the CMA in 08/10/1445H (Corresponding to 17/04/2024G) |
| Date of Submitting the Application File to CMA | 2024-04-17 Corresponding to 1445-10-08 |
| Application Subject | Increasing the Company's capital by offering rights issues shares amounting 150,000,000 Saudi Riyals. |
| Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website | 2023-12-10 Corresponding to 1445-05-26 |
| Additional Information | Any developments in this regard will be announced later. |
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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