Saudi Reinsurance Co. (Saudi Re) has announced that the board of directors recommended increasing the company’s capital through a rights issue. The SAR445.5 million (USD118.7 million) rights issue will increase the capital from SAR891 million (USD237.5 million) to SAR1.336 billion (USD356 million). Accordingly, the number of shares will increase from 89.1 million to 133.65 million. The move […]
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