Wafa to vote on capital hike procedures on September 10
04/09/2018
Argaam
Saudi Indian Company for Cooperative Insurance (Wafa) shareholders on September 10 will vote on whether to proceed on capital hike procedures, the insurer said in a bourse filing.
However, if the capital raise proposal was not approved, a vote will be placed on dissolving the company.
Wafa would be terminated by force of law, if the EGM failed to issue a decision on dissolving the company, or if investors failed to subscribe to the company's full capital within 90 days from the shareholders' decision date.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
Wafa Insurance
9.50
(0.58)
(5.75%)
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