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...
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