Notice

All shareholders are hereby advised to collect their dividends as soon as possible.



 

The National Insurance Corporation of Eritrea has successfully conducted its 15th Ordinary Annual General Meeting of shareholders on Saturday 1st of June 2019.

APPROVAL OF THE AUDITED FINANCIAL STATEMENTS AND DISTRIBUTION OF PROFITS

The Board approved the audited financial statements as at 31st December 2018. Understanding that the shareholders need to be remunerated for their investment, the Board recommends that the surplus realized amounting to Nakfa 102,352,380 be distributed in accordance with Art. 8 of the Memorandum of Association as follows:

  • Nakfa 4,833,578  to Special Reserve
  • Nakfa 9,667,156  to Technical Reserve 
  • Nakfa 87,851,646 to be paid as dividend to shareholders at the rate of Nakfa 8.392677(2017 was Nakfa 8.001094) for a fully paid up share capital (inclusive of bonus shares)  

for more information and clarification please send your queries to our email address - nice@niceritrea.com .

National Insurance Corporation of Eritrea Share Company

Dividend Order Form
Financial Statement 2018