Tuesday, September, 07, 2010    04:38:36 am
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Jsc Approval Of Private Subscription
Al Barakah Takaful Co.ltd (ARAI)

 

The Jordan Securities Commissions Board of Commissioners have approved on Jan 19,2010 to register 2,555,203  shares of ARAI to increase it's , subscribe and Paid-in Capital from 4,444,797   JOD/Share to 7 million JOD/Share through private subscription of which represents 57.4% private subscription of shareholders percentage of wealth , at a price of 1JOD which represents the share par value .

 On the 15th day of the JSC approval , shareholders of the Company's stock are entitled for % 57.4private subscription, that is, the new shares will be distributed to the shareholders by their percentage of wealth and registered in the Company's records on Feb 2,2010.