BRIEF: Insurance House Gets SCA Nod To Consider Bonds Issue

  

INSURANCE HOUSE PSC IH.AD :

* SAYS GETS SECURITIES AND COMMODITIES AUTHORITY (SCA) APPROVAL FOR OGM TO DISCUSS ISSUANCE OF 15 MILLION DIRHAMS NON-CONVERTIBLE BONDS

* SAYS OGM TO APPROVE CANCELLATION OF 1.2 MILLION PURCHASED SHARES; TO AUTHORIZE BOARD TO TAKE ALL MEASURES TO REDUCE CAPITAL

* SAYS OGM WILL BE HELD ON JANUARY 14, 2019

Source:(https://bit.ly/2BrvOqq) Further company coverage: IH.AD

((Reuters.Briefs@thomsonreuters.com;))

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