01.12.2011 - Alahli Takaful rights issue opens in Saudi Arabia
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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