Gulf Insurance Group (GIG Saudi), formerly known as AXA Cooperative Insurance, is planning to increase its share capital by 5%, from the current 500 million SAR (133.2 million USD) to 525 million SAR (139.8 million USD).
The operation is still pending approval by the company's shareholders at the Extraordinary General Meeting scheduled to take place on 16 November 2023.
Read also | Insurance companies in Saudi Arabia [4]
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Farabie-saoudite%2Fgig-saudi-increase-share-capital&text=GIG+Saudi+to+increase+its+share+capital
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Farabie-saoudite%2Fgig-saudi-increase-share-capital&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-204-october-2023
[4] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018