PIF to subscribe to new cash shares in Saudi Re via capital hike
Logo ofSaudi Reinsurance Co. (Saudi Re)
Saudi Reinsurance Co. (Saudi Re) signed on Oct. 7 a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF), under which the fund will subscribe to new cash shares in the former by way of capital increase while suspending preemptive rights of the current shareholders…
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