Capital raise aimed at stronger operations, tech investments, and better returns.
Guinea Insurance Plc has kicked off a N5.8 billion Rights Issue, offering 5.295 billion shares at N1.10 each—two new shares for every three held—to strengthen its capital base and fund expansion.
Chairman Temitope Borishade said the move aligns with the company’s vision to scale operations, deliver innovative insurance solutions, and enhance shareholder returns.
Managing Director Ademola Abidogun added that the new funds would boost financial stability, underwriting capacity, and technology investments, while expanding services to retail and SME markets to promote insurance penetration and financial inclusion.
Investors are encouraged to take up their rights and leverage traded rights opportunities, with advisory support from Anchoria Advisory Services Ltd..
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