(MENAFN- Khaleej Times) The Green Crescent Insurance Company (GCIC)'s Dh137 million public issue has been oversubscribed by 70 times. The Company intends to refund excess money before 8th July 2008 and it plans to list Green Crescent on the Abu Dhabi Securities Exchange within a month from the date of announcing its incorporation.
Upon listing, shares of Green Crescent can be traded among investors from UAE, GCC and foreigners providing that ownership of non-UAE investors do not exceed 25 per cent of the Capital according to GCIC Articles of Association.
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