CIC Insurance Group

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CMA approves CIC Insurance shares offer to Saccos and cooperatives

The insurer is seeking to raise Shs7.25 billion in a public offering that will run to 14 April, 2017. It is offering 724,900 ordinary shares at Shs10,000 per share to Ugandan saccos and cooperatives.
CompaniesMarkets

CIC Insurance aims to raise Shs7.25bn in share offering to cooperatives and saccos

CIC Africa Insurance (Uganda) Ltd is offering 724,900 shares to cooperatives, unions, and savings and credit cooperative societies based in Uganda, the insurer said in a statement. The ordinary shares will cost Shs10,000 each.