The Saudi Enaya Cooperative Insurance Company has submitted a file requesting approval for the capital reduction to the Saudi Capital Market Authority.
According to ArabiaNet, Enaya had announced on the Saudi market website on January 19 last year a recommendation by the board of directors to reduce the company's capital.
Yesterday, I received the attention of the Saudi Arabian Monetary Agency, which includes the Saudi Arabian Foundation’s approval of a request to reduce the company's capital by 150 million riyals, so that the company's capital after the reduction becomes 150 million riyals.
