Assurances Générales du Cameroun: share capital increase

Assurances Générales du Cameroun (AGC) wishes to increase its share capital by 2 billion FCFA (3.2 million USD) to go from 3 billion FCFA (4.8 million USD) to 5 billion FCFA (8 million USD).

The company's shareholders will examine the transaction's details at the mixed general meeting to be held on 25 May 2022 in Douala.

Created in January 2002, AGC is a Cameroonian insurance company specialized in the non-life activity. In 2020, the insurer recorded a turnover of 4.3 billion FCFA (6.88 million USD), posting an increase of 13% compared to 2019.