GUCIC recommended capital increase through right issues

14/05/2014 11:09 AST

Gulf Union Cooperative Insurance Company announced that the Board of directors has recommended on his meeting on 13-05-2014 an increase in the company's capital through offering a rights issue with a total value of SAR 165,000,000 .

The rights issue is limited to the shareholders who are registered in the shareholders register at the close of trading on the extraordinary general assembly day, which will be determined later by the company after obtaining the regulatory approvals.

The price and number of offered shares will be determined by the company during the extraordinary general assembly. The reasons for recommendations are:Support the company's growth and to strengthen and improve the solvency margin requirements.


Tadawul

News

Gulf Union Cooperative Ins. Co. announces SAMA's Temporary approval

19/03/2014

Gulf Union Cooperative Insurance Company announces obtaining on 17-03-2014 corresponding to 16-05-1435 the Saudi Arabian Monetary Agency (SAMA) letter No. 351000063116 dated 17-03-2014 corresponding

Tadawul

Gulf Union Announces the Interim Financial Results for 3 Months Period

21/04/2013

GULF UNION COOPERATIVE INSURANCE COMPANY (GULF UNION) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2013.

1.Net loss before zakat for the first quarter ended Ma

Tadawul

Gulf Union Announces Final Approval Process to Sell Insurance Products

01/04/2013

Gulf Union Cooperative Insurance Company (Gulf Union) announces a final approval process from the Saudi Arabian Monetary Agency (SAMA) to sell three Insurance products as per their letter no (3410000

Tadawul

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