Allied Cooperative Insurance Group Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

Allied Cooperative Insurance Group Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

21 December 2023 08:09 AM

ACIG

8150

4.02%

11.90

0.46

Element List

Explanation

Introduction

With reference to the announcement of Allied Cooperative Insurance Group published on Tadawul website on Thursday 04/04/1445H corresponding to 19/10/2023G regarding the Board of Directors' recommendation to increase the Company's capital through a rights issue, the Company would like to announce to its valued shareholders that it has appointed the Financial Advisor to manage the subscription of Rights Issue Shares.

Name of Financial Advisor

Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital)

Financial Advisor Appointment Date

2023-12-20 Corresponding to 1445-06-07

Additional Information

The company will announce when submitting the capital increase file to the Capital Market Authority and any future developments that may occur.

Allied Cooperative Insurance Group Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues