The Limited Times

Now you can see non-English news...

Securities and financial markets agree to raise the capital of the Syrian Kuwaiti Insurance Company to one billion and 250 million pounds

2021-09-14T14:01:54.338Z

Damascus, SANA- The Board of Commissioners of the Syrian Securities and Financial Markets Authority issued Resolution No. 148 AD containing the approval of



Damascus-SANA

The Board of Commissioners of the Syrian Securities and Financial Markets Authority issued Resolution No. 148 m containing the final approval to increase the capital of the Syrian Kuwaiti Insurance Company to one billion and 250 million Syrian pounds.

The decision, a copy of which was received by SANA, allowed the aforementioned company to issue one million and 875 thousand shares with a nominal value of one hundred pounds per share and a total value of 187 million and 500 thousand pounds in order to increase the company’s capital by including part of its retained earnings, so that the capital after the implementation of the issuance would be one billion and 250 million pounds .

This decision comes in accordance with what was stated in it based on the decision of the Ministry of Internal Trade and Consumer Protection, which includes the ratification of the amendment of the articles of association of the Syrian Kuwaiti Insurance Company with regard to the capital increase and the approval of the extraordinary general assembly of the company on that and the decision of the Board of Commissioners to approve the capital increase shares.

Source: sena

All business articles on 2021-09-14

You may like

Business 2021-05-08T21:56:32.900Z

Trends 24h

Business 2021-09-20T18:45:33.519Z

Latest

© Communities 2019 - Privacy