The rights issue subscription period of Sabb Takaful which commenced on August 15, will end on 26.

“The subscription process is going smoothly with shareholders subscribing through all the subscription channels provided by the receiving banks,' said Mohammed Abdulaziz Aldukheil, executive vice president of AFG (Aldukheil Financial Group), Financial Advisor and Lead Manager for the issue.

The receiving banks for the issue are The Saudi British Bank (Sabb), Al Rajhi Bank, The National Commercial Bank (NCB or otherwise known as Al Ahli Bank), Bank Al Jazira, and Samba Bank.

The rights issue is open to eligible shareholders of Sabb Takaful.

The prospectus for the rights issue is available on the websites of the Capital Market Authority, Sabb Takaful and Aldukheil Financial Group.-TradeArabia News Service