From Gulfnews.com: Saudi Arabia’s Capital Market Authority (CMA) has approved the initial public offerings (IPO) of four new insurance companies to raise a total of 260 million Saudi riyals (Dh254.7 million). The IPOs will take place next month.

The companies are AXA for Cooperative Insurance, ACE Arabia for Cooperative Insurance, Weqaya Takaful Insurance and Reinsurance and Al-Rajhi Company for Cooperative Insurance….. Full Article: Source