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NIC Holdings shareholders forgo a dividend as new owners Cornerstone Asset Managers promise a turnaround
Uganda’s oldest insurer, NIC Holdings, is set to return to majority local ownership as Cornerstone Asset Managers buys out its Nigerian shareholder. KAMPALA, Uganda — For nearly two decades, control of Uganda’s oldest insurance company sat in Nigerian hands. On Friday, its shareholders were told that era was drawing to a close. At the 25th annual general meeting of NIC Holdings, the insurer’s incoming owners set out a plan to take majority contr…
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NIC Holdings shareholders forgo a dividend as new owners Cornerstone Asset Managers promise a turnaround
Uganda’s oldest insurer, NIC Holdings, is set to return to majority local ownership as Cornerstone Asset Managers buys out its Nigerian shareholder. KAMPALA, Uganda — For nearly two decades, control of Uganda’s oldest insurance company sat in Nigerian hands. On Friday, its shareholders were told that era was drawing to a close. At the 25th annual general meeting of NIC Holdings, the insurer’s incoming owners set out a plan to take majority contr…
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