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Saudi- based Alahli Takaful Companyannounced that it had mandated US law firm, King & Spalding as advisor toits SAR80m ($21.3m) rights issue and which opened for subscription.
King & Spalding joined Saudi financialadvisor Aldukheil Financial Group, which is leading the transaction, which isbeing underwritten by Al Rajhi Capital. Alahli is a joint venture between SaudiArabia’s largest bank, National Commercial Bank, German insurance firm FWUGroup, Hannover-based Vereinigte Hannoversche Versicherung and US-basedInternational Finance Corporation………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Insurance (Takaful) more
Alahli Takaful rights issue opens in Saudi Arabia
| Posted on 01 December 2011 |
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