United Cooperative Assurance Co (UCA). Announces an update on United Cooperative Assurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues.

United Cooperative Assurance Co (UCA). Announces an update on United Cooperative Assurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues.

Element List

Explanation

Introduction

With reference to the announcement of United Cooperative Assurance Co. dated 27-05-1445H (corresponding to 11-12-2023G) regarding the Board of Directors’ recommendation to increase the company’s capital through Rights Issue. United Cooperative Assurance Co. would like to announce to shareholders the Board of Directors’ decision to appoint Alinma Investment Company as the financial advisor for the offering.

Previous Announcement

United Cooperative Assurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues.

Date of Previous Announcement on Saudi Exchange’s Website

2023-12-11 Corresponding to 1445-05-27

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Appoint Alinma Investment Company as the financial advisor for the offering.

The costs associated with the event, and if they have changed or not with indication of the reasons.

N/A

Additional Information

The company will announce when submitting the capital increase application through rights issue to the Capital Market Authority at the time, and any future developments that require to be announced when it's available.

United Cooperative Assurance Co (UCA). Announces