Saudi Re to Increase Capital to SAR 891 Million ($237.6 mln) through Bonus Share Distribution

مجلس إدارة «إعادة» يوصي بزيادة رأس مال الشركة

Saudi Re to Increase Capital to SAR 891 Million ($237.6 mln) through Bonus Share Distribution  Saudi Reinsurance Company (Saudi Re) announced its board’s recommendation to the General Assembly to increase the company’s capital through 10% bonus share distribution, granting one share for each 10 owned-shares. Saudi Re noted in its announcement on the Saudi Exchange that the board recommended the  increase of  Saudi Re’s capital to SAR 891 million (from SAR 810 million) and converting SAR 81 million ($21.6 mln) of retained earnings into capital, through this 1-for-10 bonus share…