Gulf Union Cooperative Company increases its share capital
The Capital Market Authority (CMA) has approved the capital increase of Gulf Union Cooperative Company, from 150 million SAR (40 million USD) to 242 million SAR (64.4 million USD).
The transaction will be completed via the issuance of 9 193 548 ordinary shares which will allow to acquire the entire shares of Al Ahlia Insurance Company.
Once the operation approved by the shareholders' extraordinary general assembly meeting, Gulf Union will submit an offer to Al Ahlia.
read also:
0
Your rating: None
Mon, 07/01/2019 - 10:55
The online magazine
Live coverage
03/28
03/28
03/28
03/28
03/27
Latest news