United Insurance: Capital reduction by 25% to extinguish the accumulated losses

The Board of Directors of the United Insurance Company decided to reduce the company’s capital by 25% from 400 million to 300 million riyals, with the aim of restructuring the capital The company to extinguish part of the accumulated losses. "United Insurance" In a statement to " Trading Saudi Arabia"Today, Tuesday, the reduction of its shares from 40 million to 30 million Share , with a reduction of 0.25 riyals per share. The unusual general public, and it will be subject to the approval of the relevant regulatory authorities, while a financial advisor will be appointed, and the file of the capital reduction request to the Capital Market Authority will be submitted to obtain its approval.

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