Tadawul Calculates Fluctuation Rate for Salama Insurance Shares at SAR 17.40

The Saudi Stock Exchange (Tadawul) announced on Thursday the calculation of the fluctuation rate for Salama Cooperative Insurance Company share based on a price of 17.40 riyals, and cancelling existing orders.

According to the statement published on “Tadawul”, the Company’s priority rights will be deposited into shareholders’ portfolios on Monday, Dec. 16, 2024.

This comes based on the approval of the Extraordinary General Assembly of the Company on Wednesday, Dec. 11, 2024, to increase such Company’s capital by offering priority rights shares.