Board's Decisions in 04-10-2020

 
Approving the registration of the capital increase of Al-Safwa Insurance Company of  1 million shares, through a non-public offer at the nominal value of the share amounting to JD 1 and with an issuance discount of JD 0.75 per share or 90% from the last closing price of the company’s share on Board's approval of the increase, whichever is higher, and the allocation of these shares to the following shareholders:-
   *   Messrs. Al-Huda Management Consulting Company (500,000) five hundred thousand shares.
   * Messrs. Al-Bairaq Al-Akhdar Management Consulting Company (500,000) five hundred thousand shares.
Provided that:-
- Banning the disposal of shares for one year from the date of completing the issuing procedures with the Commission.
- Completing the procedures of issuing these shares within a maximum 30 working days from the next working day of the date of the Commission's letter approving registering the shares.
- Payment of the prescribed fees.  
 Approving the registration of capital increase in shares of Al-Manara Insurance Company of 600.000 thousand  shares by offering these shares for subscription through public offering to the company's shareholders at a nominal value of JD 1 per share, with an issuance discount 0.6 per share and at an issuance price  JD 0.4per share and the company shall provide a prospectus and pay the prescribed fees also the issuance procedures must be fulfilled within a period not exceeding 30 working days from the subscription closing date, taking into consideration the following:
1- The subscription right for the stockholders shall be as of the end of the fifteenth day from the date of the Commission's approval of registering the shares, and in case this day is an official holiday, the right of the company's shareholders shall be as of the end of the previous working day.
2- Completing the procedures of issuing these shares within a maximum 30 working days from the next working day of the date of the Commission's letter approving registering the shares.
       3. Payment  the prescribed fees .