VOL. XLV
No 25
24-June-2002
BAHRAIN
ARIG Plans ToRecapitalize
Bahrain-based Arab Insurance Group (ARIG) said that anextraordinary general shareholders meeting will be held on 2 July to approve arecapitalization plan which is aimed at improving the companys financialstrength. Once approved the process will start immediately and shares will bereduced from the current 360mn to 150mn through their cancellation and thenre-issuance at a ratio of five new shares for every 12 old shares. ARIG willthen...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!