January 14, 2018 / 5:05 AM / 5 months ago

BRIEF-Dhofar Insurance Calls EGM to Approve Capital Increase

* CALLS SHAREHOLDERS MEETING ON JAN 18 TO CONSIDER, APPROVE AUTHORISED CAPITAL INCREASE TO 30 MILLION RIALS FROM OMR 20 MILLION RIALS

* CALLS EGM ON JAN 18 TO APPROVE ISSUED AND PAID-UP CAPITAL REDUCTION TO 10 MILLION RIALS FROM 20 MILLION RIALS TO WRITE OFF PART OF ACCUMULATED LOSSES

* SEEKS EGM APPROVAL FOR RIGHTS ISSUE OF 5 MILLION RIALS MANDATORY CONVERTIBLE BONDS OF NOMINAL VALUE OF 1 RIAL PER BOND AT AN ISSUE PRICE OF 1 RIALS Source: (bit.ly/2EFTOWG) Further company coverage:

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