Ownership
Until December 2009, 60% of NIC was owned by a consortium called Corporate Holdings Limited. The consortium is owned by Industrial and General Insurance Company Plc (IGI), Nigeria's leading insurance company (85%) and by local businessmen Patrick Bitature and Erik van Veen (15%). The remaining 40% of NIC, was owned by the Government of Uganda.
Beginning on 31 December 2009, the Government initiated the process to list the shares of the company on the Uganda Securities Exchange (USE), the 161.6 million shares of NIC that they owned. That process concluded on 25 March 2010, when active trading of NIC began on the USE, under the symbol NIC. Following the sale of the government-owned shares, the share ownership in the company is as summarized in the table below:
| National Insurance Corporation Stock Ownership | |||||||||||||||
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