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

Amana Takaful opts for rights issue

Posted on 26 January 2011

From Dailymirror.lk: The Board of Directors of Amana Takaful PLC have opted to go for a Rs.750 million rights issue offering 500,000,360 new shares, subject to shareholder and regulator approval. The proportion in which shares are issued will be one share for every one existing share.
The proceeds from the rights issue is to be utilized for increased capital requirements by the regulator under its proposed capital plan and for future expansion strategies……………………………………….Full Article: Source

 
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