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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Insurance (Takaful) more

King and Spalding advised AlAhli Takaful issue

Posted on 05 December 2011

King and Spalding and its affiliated office in Riyadh, the Law Office of Mohammad Al-Ammar, advised Jeddah-based AlAhli Takaful Company in its proposed SAR 80 million ($21.3 million) capital increase through a rights issue.
The company published a prospectus for the rights issue after receiving approval from the Saudi Arabian Capital Markets Authority. AlAhli Takaful Company specializes in offering Shari’ah-compliant insurance products (Takaful) in the Kingdom of Saudi Arabia and is regulated by the Saudi Arabian Monetary Agency………………………………………..Full Article: Source

 
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