‎CMA OKs Salama’s capital hike for merger with Saudi Enaya

Logo ofSalama Cooperative Insurance Co.

TheCapital Market Authority approved Salama Cooperative Insurance Co.’s request to raise its capital from SAR 300 million to SAR 488.94 million through the issuance of 18.89 million ordinary shares, to merge with Saudi Enaya Cooperative Insurance Co.

All of Saudi Enaya’s assets and liabilities will be transferred to Salama via a share swapoffer…
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