The Saudi bourse regulator said on Sunday it approved rights issues for Sahara Petrochemicals Co and insurance firm SABB Takaful  worth a total $360 million amid tight credit conditions.

The Capital Market Authority said it has approved a 1.05 billion riyal rights ($280 million) issue for Sahara and a 300 million riyal issue for SABB Takaful, according to statements on the Saudi bourse website. - Reuters