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Apr 2025

Saudi Arabia: Insurers adjust capital situation

Source: Middle East Insurance Review | Nov 2024

Saudi Enaya Cooperative Insurance has received approval from the Capital Market Authority to raise SAR150m ($40m) in additional capital through a rights issue.
 
The increase will take the insurer’s total issued capital to SAR380m. The company’s board proposed the rights issue in December 2023. M 
 
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