SAUDI ARABIA: The board of directors of Al Sagr Cooperative Insurance Co has recommended to increase the capital of the company by offering right issues worth up to SAR160 million (US$42.62 million) to increase the capital to SAR300 million (US$79.91 million), a bourse filing read. Al Sagr said the proposed capital increase is to comply with the minimum capital requirements for insurance companies and to support the company’s future plans and solvency margin. IFN previously reported that Al Sagr called....