‎ACIG shareholders approve capital hike to SAR 291 mln via rights issue

‎ACIG shareholders approve capital hike to SAR 291 mln via rights issue

Logo ofAllied Cooperative Insurance Group

Allied Cooperative Insurance Group’s (ACIG) shareholder approved the board of directors’ recommendation to increase capital to SAR 291 million from SAR 141 million through a SAR 150 million rights issue during the extraordinary general meeting (EGM) held on Dec. 29.