Alahli Takaful rights issue opens in Saudi Arabia
Saudi- based Alahli Takaful Company stated that it had assigned US law firm, King & Spalding as advisor to its SAR80m ($21.3m) rights issue and which opened for subscription.
The Takaful firm was originally searching a rights issue of 150% in February of this year, this was pared back to 80% in May and on Sunday at an EGM a 66.67% rights issue was approved by shareholders.
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