Published: Aug 28, 2014
Source: Tadawul


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Ace Arabia cooperative insurance company announces change in major shareholders

ACE Arabia announces change in major shareholders 1/11/1435h, (27/8/2014) as follows:

General Company for Commercial Investment (founder owns 5% of the company shares), sold all of its shares in the company to the new owner Elkhereiji Investment Company (500,000 shares representing 5% of the company shares), the ownership of the new company involves related parties whom are the Managing Director Mr. Abdulaziz bin Abdul Karim Elkhereiji and Member of Board of Directors Mr. Mohammed bin Abdul Karim Elkhereiji. 

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