Orient Insurance shareholders approve 100% capital increase to Dh1 billion

Dubai: Orient Insurance shareholders approved a 100% increase in share capital, after shareholders gave a nod at the general assembly held on November 11. The company's share capital will increase from AED 500 million to AED 1 billion, the Al-Futtaim subsidiary announced.The Dh500 million increase will come through bonus shares issued to existing shareholders. The Capital Market Authority and the Central Bank of the UAE are yet to sign-off on…


