The Capital Market Authority announces the delisting of Saudi Indian Company for Cooperative Insurance’s securities (Wafa Insurance)
Tuesday, May 24, 2022 at 4:30 PM
In reference to Saudi Indian Company for Cooperative Insurance’s (Wafa Insurance) announcement on the Saudi Stock Exchange (Tadawul) website dated 22/10/1443H corresponding to 23/05/2022G which included the issuance of a decision of the Appeals Chamber of the Commercial Court in Riyadh to support the decision to end the financial restructuring procedure of the company and the opening of the liquidation procedure in accordance with Bankruptcy Law.
Based upon the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H, and the sub-paragraph (15) of Paragraph (A) of Article (36) of the Listing Rules, the Capital Market Authority "CMA" issued its resolution to delist of Saudi Indian Company for Cooperative Insurance’s securities (Wafa Insurance).