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GUI approves distributing 17.5% stock dividends and 5% cash dividends for the year 2013

2014-04-03

The GA of Global United Insurance Company GUI held a meeting on 02/04/2014, whereby, approved increasing the paid up capital of the company from $6.19 million to $8.00 million by distributing 17.5% stock dividends (a total of 1.08 million share),  and offering 11.79% of the company’s shares for private subscription ( a total of 0.73 million shares with $1 par value share and $0.35 premium per share) divided to 0.40 million shares to the Arab Orient Insurance Company and 0.33 million shares to GUI’s employees provident fund, noting that the share price after amendment will reach $1.75. On the other hand, the GA also approved distributing 5% cash dividends for the company’s shareholders as for the GA meeting date.