NIC to grow asset base following successful rights issue

Silvia Nyambura The National Insurance Corporation (NIC) is bound to increase its asset base following the listing of its Rights shares on the Uganda Stock Exchange (USE) as of Friday 17th January 2014 opening at a price of Ushs 35. This marks a 9 shilling increase from the discounted buying price of Ushs 26 translating into a 33 percent profit for shareholders who may want to sell at the momen