No. 20



Arig Announces New Shareholding Structure

The Arab Insurance Group (Arig) announced on 14 May the structure of its programto raise its capital by an estimated $180mn in what is thought to be one of the largestequity flotations of its kind in the Middle East. Arig, which is currently owned by the governments ofthe UAE, Libya and Kuwait, will be offering the fresh capital to a select group of investors and islooking to obtain a listing on one or more of the...