News Column

Major Watania shareholders to sell stakes

July 28, 2014



Abu Dhabi-listed Islamic insurer National Takaful Company, or Watania, said on Sunday its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying parties.



In a short bourse filing, Watania said the deal was subject to regulatory approvals. It did not disclose the value of the deal, nor the size of the stake being sold.







Among Watania's shareholders are Abu Dhabi Investment Council, Ajman Bank and Abu Dhabi National Insurance Co, all with around 15.75 per cent of the firm.


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Source: Khaleej Times (United Arab Emirates)


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