Al-Etihad Cooperative Insurance Co. Announces an update on the Board’s Recommendation to Increase the Capital by Granting Bonus Shares

Al-Etihad Cooperative Insurance Co. Announces an update on the Board’s Recommendation to Increase the Capital by Granting Bonus Shares

28 February 2024 03:56 PM

Element List

Explanation

Introduction

With reference to the announcement of Al Etihad Cooperative Insurance Company on 11/02/2024 corresponding to 01/08/1445H regarding the recommendation of the Board of Directors to increase the company's capital by granting bonus shares, Al Etihad Cooperative Insurance Company announces the submission of the increase of the company's capital file to the Capital Market Authority to increase the capital of the company from (450,000,000) SAR to (500,000,000) SAR by granting bonus shares, under the applicable rules and regulations

Previous Announcement

Al-Etihad Cooperative Insurance Co. Announces an update on the Board’s Recommendation to Increase the Capital by Granting Bonus Shares

Date of Previous Announcement on Saudi Exchange’s Website

2024-02-11 Corresponding to 1445-08-01

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

The submission of the increase of the company's capital file to the Capital Market Authority under the applicable rules and regulations.

Reasons For The Delay on The Date of The Event Previously Announced

N/A

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