31.08.2009 - SABB Takaful $80 mln rights issue oversubscribed
From Zawya Dow Jones: Saudi's Islamic insurer SABB TakafulSABB TakafulLoading... (8080.SA) said Sunday its 300 million Saudi riyals ($80 million) rights issue was oversubscribed. The insurer, an affiliate of HSBC Holdings PLC, said 96.5% of its investors subscribed to the offer and would receive 12 shares for every 5 they already own, according to a statement on the Saudi bourse Web site..............Full Article: Source