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Wataniya Insurance board recommends $53.3m capital increase
Wataniya Insurance Company’s board of directors recommended on Thursday to increase the company’s capital through a SR200 million ($53.3 million) rights issue, according to a bourse filing. The company plans to use the proceeds to support its future plans and increase its solvency margin, Wataniya said in a statement on…
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Click here to read the full story: Arab News