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Saudi Enaya Cooperative Insurance Company was granted the Royal Decree approving its formation in June 2011. Saudi Enaya is a Tadawul-listed company with a paid up capital of SAR 200 million.

The CMA Board has issued its resolution number 4-34-2011 on 24/12/1432 (20/11/2011) approving its Initial Public Offering of 16,000,000 shares, which represent 40% of the company. The subscription period will be from 24/1/1433 (19/12/2011) to 30/1/1433 (25/12/2011).

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