The Capital Market Authority Approved AMANA Cooperative Insurance Company’s Request to Reduce its Capital

Sunday, December 25, 2016 at 8:34 AM

Sun Dec 25, 2016 08:34

The CMA has issued its resolution approving AMANA Cooperative Insurance Company’s request to reduce its capital from SAR (320,000,000) to SAR (140,000,000), thus reducing the number of shares from (32,000,000) shares to (14,000,000) shares. This approval is conditional on the Company’s extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.