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09/11/2017 15:58 AST
The CMA has issued its resolution approving Saudi Re for Cooperative Reinsurance Company's request to reduce its capital from SAR (1,000,000,000) to SAR (810,000,000), thus reducing the number of shares from (100,000,000) shares to (81,000,000) shares. This approval is conditional on the Company's extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.
The Company will publish a disclosure document to its shareholders related to the proposed method of capital reduction and the expected effect of such reduction within sufficient time prior to the Extraordinary General Assembly Meeting to enable shareholders to vote on the capital decrease.
The CMA's approval of a particular company's application to reduce its capital should never be viewed as an endorsement of the feasibility of the capital decrease. The CMA's approval of a company's application to reduce its capital merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.
Press Release
08/10/2017
Following announcement on 01-10-2017, with regards to the Shareholder Agreement signed with Probitas Holdings (Bermuda) Limited (PHBL), Saudi Re is pleased to announce the completion of transaction a
Tadawul
27/09/2017
Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.
Tadawul
01/07/2015
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term issuer financial strength and counterparty credit ratings on Saudi Re for Cooperative Reinsurance Co (Saudi Re). The outlook remains s
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 163.20 | 1.50 (0.92 |
| TAWUNIYA | 138.50 | 0.90 (0.65 |
| ALRAJHITAKAFUL | 118.00 | -0.70 (-0.59 |
| RASAN | 103.30 | -0.80 (-0.77 |
| QATI | 2.09 | 0.01 (0.48 |
15/10/2025
The Abu Dhabi Investment Office (ADIO) and Abu Dhabi Ports Group (AD Ports Group) have signed a strategic co-operation agreement with Stellantis, one of the world's largest automotive manufacturers a
Trade Arabia
15/10/2025
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter on one site, is pleased to announce its progression to the accelerator phase of the Open Innovation Programme, a strategic colla
BNA
15/10/2025
Saudi-based SAL Saudi Logistics Services has signed a strategic agreement with Saudi Post to enhance mail handling and transportation operations across various regions of the Kingdom.
As pe
Trade Arabia
15/10/2025
Tecom Group has announced that 55% of the gross leasable area across its commercial portfolio is LEED (Leadership in Energy and Environmental Design) certified after it received 12 certifications dur
Trade Arabia
15/10/2025
Leading Abu Dhabi developer Aldar has announced the sell-out of its prime project - Yas Living - within days of launch, generating over AED1.3 billion ($354 million) in sales.
Located on th
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia