Arab Today, arab today sr 200 million insurance company to be established
Last Updated : GMT 21:14:26
Arab Today, arab today
Arab Today, arab today

SR 200 million insurance company to be established

Arab Today, arab today

Arab Today, arab today SR 200 million insurance company to be established

Riyadh - SPA

Saudi Marine Tokyo Company for Cooperative Insurance with a capital amounting to SR 200 million announced today that it will offer 30% of its capital for public subscription on Monday. The Chief Executive Officer of Al-Inma Bank and Chairman of the Company\'s Founding Committee, Abdulmohsen Al-Faris pointed out in a press conference that the Council of Ministers has approved the new company as a Saudi joint stock company under establishment with a capital divided into 20 million shares with a nominal value of SR10 per share, noting that the founders have subscribed to 70% of the capital.

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