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09/11/2017 15:58 AST
The CMA has issued its resolution approving Saudi Re for Cooperative Reinsurance Company's request to reduce its capital from SAR (1,000,000,000) to SAR (810,000,000), thus reducing the number of shares from (100,000,000) shares to (81,000,000) shares. This approval is conditional on the Company's extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.
The Company will publish a disclosure document to its shareholders related to the proposed method of capital reduction and the expected effect of such reduction within sufficient time prior to the Extraordinary General Assembly Meeting to enable shareholders to vote on the capital decrease.
The CMA's approval of a particular company's application to reduce its capital should never be viewed as an endorsement of the feasibility of the capital decrease. The CMA's approval of a company's application to reduce its capital merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.
Press Release
08/10/2017
Following announcement on 01-10-2017, with regards to the Shareholder Agreement signed with Probitas Holdings (Bermuda) Limited (PHBL), Saudi Re is pleased to announce the completion of transaction a
Tadawul
27/09/2017
Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.
Tadawul
01/07/2015
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term issuer financial strength and counterparty credit ratings on Saudi Re for Cooperative Reinsurance Co (Saudi Re). The outlook remains s
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 160.40 | -8.00 (-4.76 |
| TAWUNIYA | 126.60 | -5.40 (-4.10 |
| ALRAJHITAKAFUL | 129.60 | 3.60 (2.85 |
| QATI | 1.88 | -0.02 (-1.06 |
| RASAN | 75.80 | 0.80 (1.06 |
10/04/2025
The Dubai-based Al Ansari Financial Services is now the GCC's biggest non-banking financial services company.
The DFM-listed Al Ansari - which also operates the UAE's biggest remittance firm
Gulfnews
10/04/2025
Kuwait-based real estate development company Mabanee and global hospitality major Hilton has announced the signing of an agreement for the development of its prime project - Hilton Kuwait Resort - th
Trade Arabia
10/04/2025
Beyon Cyber, part of the Beyon Group, has been recognized with three major accolades at the 2025 Cyber Security Excellence Awards, one of the industry's most renowned awards, voted on by the global c
Trade Arabia
10/04/2025
Estithmar Holding Q.P.S.C. announced the results of the ordinary and extraordinary general assembly meeting held on April 9, 2025, to elect 11 members for the Board of Directors of Estithmar Holding
Gulf Times
10/04/2025
Saudi Aramco has made a series of groundbreaking oil and gas discoveries in the Eastern Province and the Empty Quarter, further cementing Saudi Arabia's position as a global energy leader.
A
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia