Recapitalization of Dhofar Insurance

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Met on 18 January 2018 in an extraordinary general assembly, the shareholders of Dhofar Insurance took a number of decisions, including that of raising the authorized share capital from 20 million OMR (52.1 million USD) to 30 million OMR (78.1 million USD).

The purpose of this meeting was to financially restructure the company and strengthen its shareholder's equity. It is following theses measures that Capital Market Authority (CMA) canceled its decision to suspend the company's underwriting of some classes of business.

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Tue, 20/02/2018 - 12:05

Comments

Submitted by hekmat on Mon, 26/02/2018 - 07:28.
Dear Atlas-Mag Editor,
Good Day!
This is my second attempt to poet a comment!
I refer to a the above news feed related to Dhofar Insurance Company published on your website  https://bit.ly/2EGAXLH
We regret to note that your news post dated 20th February, 2018 did not capture the prior updated development which was posted on the MSM website on 5th February, 2018.
 
Being a reliable source of news, we urge you to respond to our request to update your news bulletin with the new updates posted on Muscat Securities Market.
Count on your cooperation & adherent to best ethical practices 
Best Regards,
Hekmat
Submitted by Amina Fekih on Mon, 26/02/2018 - 14:27.

Thank you for your interest on Atlas magazine.

We have immediately amended your news as follows  and apologize for any inconvenience caused.

The Editorial Team

 

Submitted by hekmat on Wed, 21/02/2018 - 12:45.

As a reliable source of information, Atlas-Mag should be publisng up to date news..

Dhofar Insurance has already sorted out the solvency issue.

Company's news avalable on Muscut Securities Market website for your information on below link

https://www.msm.gov.om/snapshot/news.aspx?symbol=DICS&typeflg=

Please update your news!

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