Saudi Re names Al Rajhi Capital as financial advisor on rights issue

01/06/2022 Argaam

Logo of Saudi Re

Saudi Reinsurance Co. (Saudi Re) appointed, on May 31, Al Rajhi Capital as financial advisor to manage its planned rights issue.

 

Any other developments will be announced later, Saudi Re said in a statement to Tadawul.

 

In April, the company’s board of directors proposed raising capital to SAR 1.336 billion through a SAR 445.5 million rights offering, Argaam earlier reported.

 

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