Completion of the Share Capital Increase of the Holy Land Insurance Co.
Date: 25/11/2015
On Wednesday November 25, 2015 the SDC completed the process of registering the share capital increase of (607,729) shares of the Holy Land Insurance Company.
The share capital increase of the said amount reflects public offering directed to all shareholders of the company.
Thereby, the SDC records of the Holy Land Insurance Company indicates the raise of its capital from (6,000,000) shares to a registered capital of (6,607,729) shares as a result of the mentioned share capital increase.
The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on June 30, 2015 which was granted the approval of the Ministry of Industry and Trade on July 22, 2015, and upon the approval of the Jordan Securities Commission on the Share Capital Increase issued in October 6, 2015.