Nov 25 2011
|more articles from|
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 yesterday.
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.
© The Islamic Globe 2011
© Copyright Zawya. All Rights Reserved.