Abu Dhabi – Mubasher: United Insurance Company (UIC) said subscription to its AED 100 rights issue will be on 26 April, according to a statement.
A total of rights issue worth AED 25 million, representing 25% of UIC’s capital, will be offered to the company’s strategic partner Fidelity Insurance Services.
The remaining AED 75 million rights issue, which represents 75% of the capital, will be offered to the company’s current shareholders.
Trading on the rights issue shares will start on 19 April till 3 May.
The company’s capital amounts to AED 100 million, distributed on 100 million shares at AED 1 par value.
