Punch|| AIICO Capital Limited, a subsidiary of AIICO Insurance Plc, has received the Securities and Exchange Commission’s clearance of the offer documents in respect of the proposed initial public offering of 10 million units at N100 each in the AIICO Money Market Fund.
According to a statement from AIICO Insurance on Friday, the board of directors of the company and all the professional parties to the offer were present to execute the offer documents during the signing meeting to execute the offer documents
“AIICO Capital plans to launch the AIICO Money Market Fund via an initial public offering of 10 million units of N100 each at par, upon receipt of final approval from the SEC with Vetiva Capital Management Limited acting as the issuing house to the offer,” it said.
AIICO Capital Limited is currently registered by SEC to carry out portfolio/fund management services.
