Oromia Insurance Registers 3 Million Existing Shares with Ethiopian Capital Market Authority

Clarification on the notice

The ECMA stated that the public notice is solely intended to inform the public about the registration. It should not be interpreted as an endorsement of the securities, an offer to sell, or a solicitation of an offer to buy.

This registration is a regulatory step for Oromia Insurance as Ethiopia continues to build out its capital market infrastructure. The Ethiopian Securities Exchange (ESX) has already begun trading shares of banks, and insurance companies are expected to follow as more firms meet public offering and registration requirements.

The notice did not provide a timeline for any future public offer or listing of Oromia Insurance shares on the ESX.