Enaya BOD recommends capital increase to SR300 mln

Saudi Enaya Insurance Co. Announces the Board’s Recommendation to increase the capital to SR 300 million by offering right issues to support the company’s future plans and enhance the solvency margin.

Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer’s Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly’s Meeting.

The appointment of the Financial Advisor and submission of the capital increase application file to CMA will be announced later.