Finance

Tunisia: AMI Assurances to launch capital increase of $17 million

Wednesday, 02 September 2015 15:59

The executive board of the Tunisian insurance company AMI Assurances announced in a communiqué published on 28 August, the decision to launch a capital increase of 33 million dinars (about $17 million).

This increase of capital will be subject to the approval of an Extraordinary General Meeting to be held on 3 October 2015.

Owned by the l’Union générale tunisienne du travail (UGTT), the powerful Tunisian union federation, AMI Assurances began activity in October 2003.

The company is currently 4th in the Tunisian market thanks to its perfect grasp of automobile risk and significant development of other products for individuals.

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