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Al-Etihad Cooperative Insurance Co. Announces an update on the Board’s Recommendation to Increase the Capital by Granting Bonus Shares

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ALETIHAD
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1445/08/18     28/02/2024 15:56:24

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Introduction With reference to the announcement of Al Etihad Cooperative Insurance Company on 11/02/2024 corresponding to 01/08/1445H regarding the recommendation of the Board of Directors to increase the company's capital by granting bonus shares, Al Etihad Cooperative Insurance Company announces the submission of the increase of the company's capital file to the Capital Market Authority to increase the capital of the company from (450,000,000) SAR to (500,000,000) SAR by granting bonus shares, under the applicable rules and regulations
Previous Announcement Al-Etihad Cooperative Insurance Co. Announces an update on the Board’s Recommendation to Increase the Capital by Granting Bonus Shares
Date of Previous Announcement on Saudi Exchange’s Website 2024-02-11 Corresponding to 1445-08-01
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The submission of the increase of the company's capital file to the Capital Market Authority under the applicable rules and regulations.
Reasons For The Delay on The Date of The Event Previously Announced N/A
The costs associated with the event, and if they have changed or not with indication of the reasons. N/A
Delay consequences on the Company’s financial results N/A
Additional Information Announcements will be made later for any future developments once they are available and must be announced.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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