Hibret Insurance Registers 2 Million Shares with ECMA
The Ethiopian Capital Market Authority (ECMA) has officially approved the registration of securities for Hibret Insurance S.C., the regulator confirmed on June 29, 2026. This move brings the insurer into full compliance with the Public Offer and Trading of Securities Directive No. 1030/2024.
The approved registration encompasses 1,500,000 existing shares held by current shareholders and an additional 476,190 new shares designated for offering to existing investors. This process aligns with the mandate under Articles 4 and 29 of the Directive, which requires all securities to be registered with the Authority to ensure transparency and proper regulatory oversight.
By formalizing its share register, Hibret Insurance establishes a regulated framework for its equity, moving in step with Ethiopia’s rapidly developing capital market. The ECMA emphasized that this registration is for public disclosure purposes and does not constitute an endorsement, offer to sell, or solicitation to buy any securities.
As the financial sector undergoes comprehensive reforms, this registration marks a vital step in Hibret Insurance’s institutional governance, positioning the firm to navigate the country’s evolving investment landscape with increased transparency.
