Date of Submitting the Application File to CMA
2020-12-06 Corresponding to 1442-04-21
Application Subject
With reference to the announcement of Gulf General Cooperative Insurance Company on 24-08-1440 AH Corresponding to 29-04-2019 AD relating to the recommendation of the Board of Directors to increase the company's capital by offering rights issues of (300,000,000) SAR. subject to the approval of the relevant official authorities and the Extraordinary General Assembly.
and with reference to the Company’s announcement on 29-10-1440 AH Corresponding to 02-07-2019 AD regarding to Insurance Authority no objection to increase the company's capital by offering rights issues from (200,000,000) SAR to (500,000,000) SAR. subject to meeting the requirement of other official authorities.
Gulf General Cooperative Insurance Company Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to the Capital Market Authority yesterday Sunday 06-12-2020 AD corresponding to 21-04-1442 H.
Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website
2019-04-29 Corresponding to 1440-08-24
Additional Information
Any developments in this regard will be announced later
