Published: Aug 19, 2014
Source: Tadawul


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Saudi United Cooperative Insurance Company (Walaa) announces the latest development related to increasing the company's capital by way of rights issue

Further to the announcement published on Tadawul's website on 24/04/2014 relating to the increase of the company's capital through rights issue, and the announcement on 20/05/2014 that pertains to the appointment of the financial advisor Al Jazira Capital for the proposed Rights Issue, Saudi United Cooperative Insurance Company (Walaa) would like to inform its shareholders that it has filed today Tuesday 19/08/2014 an application with the Capital Markets Authority for approval in relation to its proposed Rights Issue. Any new developments regarding this matter will be announced in due course.

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