05:56 AM EDT, 10/29/2026 (MT Newswires) -- Gulf General Cooperative Insurance Co. (SASE:8260) filed an application with Saudi Arabia's Capital Market Authority for its proposed capital reduction and subsequent capital raise, according to a Thursday filing. The Saudi insurer's capital restructuring involves reducing its share capital to 124 million Saudi riyals from 300 million riyals through the cancellation of 17.6 million shares, followed by a capital raise through the issue of 12.6 million new shares, with the suspension of preemptive rights, and the issue of a further 5 million new shares through debt conversion.

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