Amana slashes capital to SAR140m
The extraordinary general meeting (EGM) of Amana Cooperative Insurance approved a capital reduction from SAR320 million to SAR140 million. The company’s board had earlier recommended decreasing the capital by 1.125:2, representing 56.25 percent of its capital. Amana aims to restructure its capital in accordance with the New Companies Law. There is no financial impact for the […]
