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Global United Insurance Company was established as a shareholding company on March 24, 2010 with an authorized capital of 5 million shares of $1.00 per share. The founders subscribed 3,750,000 shares of the company"s capital; by 75% in time of incorporation. As of November 1, 2010; 1,250,000 million shares with a par value of $1.00 per share were offered through an initial public offering, and the full amount has been subscribed to raise the paid in and subscribed capital to $5,000,000 distributed over 5,000,000 shares of $1.00 per share.
Trading on GUI’s shares will begin on trading session of Thursday 31/03/2011.
To view full report of Sahem regarding the financial results of 2010 for GUI, please click here:
Sahem- New Listing Summary (GUI)