| Element List | Explanation |
|---|---|
| Announcement Detail | Allied Cooperative Insurance Group announces that it has received a letter from the Insurance Authority dated 20-01-1447 AH corresponding to 15-07-2025 AD, stating that the company is required to submit a corrective plan to the authority detailing the steps it will take to comply with the minimum paid-up capital for insurance companies within 10 working days from the date of the letter, which is also the date of receipt of the letter. The minimum paid-up capital for an insurance company is not less than 300 million riyals, following the announcement of the results of the extraordinary general assembly held on 22-06-2025 AD, which included the disapproval of the capital increase. Future updates will be announced, God willing. |
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