Saudi's CMA approves capital raise of Amana, Arabia Insurance

Amana seeks to increase its capital by way of the rights issue worth SAR 300mln

Staff Writer, Mubasher

May 24, 2022

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Riyadh - The Capital Market Authority (CMA) has approved the request of Amana Cooperative Insurance Company and Arabia Insurance Cooperative Company to raise their capital via a rights issue.

Amana seeks to increase its capital by way of the rights issue worth SAR 300 million, according to a bourse filing on Monday.

Meanwhile, Arabia Insurance will increase its capital by SAR 265 million.

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