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Amana Cooperative Insurance Engages Financial Adviser for Potential Capital Reduction

MT Newswires·09/09/2026 01:45:24
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01:45 AM EDT, 09/09/2026 (MT Newswires) -- Amana Cooperative Insurance (SASE:8310) hired Audi Capital as financial adviser for its planned capital reduction, according to a Wednesday filing. The insurance company's board previously recommended reducing the capital by lowering the par value of its entire 43 million shares to 7 Saudi riyals from 10 riyals.