“Engineer Insurance” raises its paid-up capital to 350 million pounds

alborsaanews.com

“Engineer Insurance” raises its paid-up capital to 350 million pounds

Engineer Insurance Company raised its issued and paid capital from 300 million to 350 million pounds, an increase of 50 million pounds, after the approval of the company's extraordinary general assembly. In a statement, the company said that the increase of 50 million pounds will be issued with the issuance of 20 million shares with a nominal value of 2.5 pounds per share, to be financed by carry-over profits and the year's profits in the financ…