During an unusual meeting on Wednesday, Arab Shield for Cooperative Insurance Company agreed to increase the company's capital by granting free shares by free shares per 3 shares.
According to Arab Net, the Arab Shield company, said in a statement that the shareholders agreed to increase capital from 300 million riyals to 400 million riyals, an increase of 33.33%.
The number of shares after the increase is 40 million shares instead of 30 million shares, an increase of 10 million shares.
The shareholders of the Arab Shield for Cooperative Insurance, during an unusual meeting on Wednesday, agreed to increase the company's capital by granting free shares by free shares per 3 shares.
"The shareholders agreed to increase capital from 300 million riyals to 400 million riyals, an increase of 33.33%,
The number of shares after the increase is 40 million shares instead of 30 million shares, an increase of 10 million shares.
