Saudi Enaya appoints Aljazira Capital as advisor for capital hike

29/03/2018 Argaam

 

Saudi Enaya Cooperative Insurance Co. has hired Aljazira Capital as financial advisor and lead manager for its upcoming capital hike through rights issue, the insurer said in a bourse statement.

 

In December, the company’s board of directors had recommended a capital increase through a SAR 200 million rights issue, according to data compiled by Argaam.

 

The capital hike aims to support future expansions and improve solvency.

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