(MENAFN) State news agency WAM reported that a Dubai stock-listed provider of Islamic insurances has approved to purchase Al Hilal Takaful from Al Hilal Bank, pushing the establishment of a major takaful group in UAE.
Takaful Emarat has reportedly settled to obtain, in an all cash transaction, Al Hilal Takaful from Al Hilal Bank located in Abu Dhabi.
The report indicated that the Insurance Authority of UAE has provided its initial approval of the deal joining together a couple of "complementary takaful businesses."
MENAFN2012201700450000ID1096253510
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.