SNIC Insurance sells 1 mln shares in Wataniya Insurance to Juffali for SAR 16.5 mln
04/07/2022
Argaam

Logo of Wataniya Insurance Co.
Wataniya Insurance Co. received letters from Juffali and SNIC Insurance Co., stating that the latter sold one million shares, representing 2.5% of Wataniya’s capital, to Juffali, in an off-market trading transaction valued at SAR 16.5 million (SAR 16.5 per share).
Accordingly, SNIC Insurance’s stake in Wataniya fell from 27.5% to 25%, the Tadawul-listed insurer said in a bourse statement.
Meanwhile, Juffali's stake in Wataniya increased from 8.63% to 11.12%.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
WATANIYA
13.54
(0.11)
(0.81%)
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