VOL. XLV

No 34

26-August-2002

BAHRAIN

ARIG To Launch Rights Issue ToRaise $100mn

Bahrain-based ArabInsurance Group (ARIG) announced on 15 August that it would soon issue newshares in order to raise $100mn to strengthen the group痴 capital base.Subscription to the rights issue, in which all shareholders including GDRholders can participate, will open on 1 September and run until 15 September.The issue is the second stage of ARIG痴recapitalization plan, which was approved by shareholders at an...