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United Insurance Company (Yemen): share capital increase

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Magazine Issue: 
Reinsurers out of breath [3]
Magazine date: 
Nov 2022

United Insurance Company (Yemen)United Insurance Company (Yemen) has raised its capital by 1.5 billion YER (5.98 million USD), from 4.5 billion YER (17.95 million USD) to 6 billion YER (23.94 million USD).

This operation would allow the Yemeni insurer to strengthen its financial capacity to meet the challenges facing the Yemeni insurance sector.

Founded in 1981, United Insurance Company is the country's largest insurance company with a market share of 48.4% in 2020.

Read also | Insurance companies in Yemen: 2020 ranking [4]

Wed, 23/11/2022 - 11:56

Source URL: https://www.atlas-mag.net/en/category/pays/yemen/united-insurance-company-yemen-share-capital-increase

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-195-november-2022
[4] https://www.atlas-mag.net/en/article/insurance-companies-yemen