KSA - Wafa submits financial restructuring plan
Saturday, 07 13 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
Saudi Indian Cooperative Insurance Co. (Wafa) on Wednesday has submitted financial restructuring plan to the relevant court, the company said in a bourse statement.
It is currently difficult to estimate the related financial impact, the statement added.
In February, the insurer said that a Saudi court overturned a previous decision to reject the company’s request for financial restructuring, Argaam reported earlier.