Announced
Completed
Financials
Sources
Tags
Insurance Brokers
Friendly
insurance services
Majority
Single Bidder
islamic insurance
insurance agency
Private
Completed
Acquisition
Private Equity
United Arab Emirates
Synopsis
Dar Al Takaful, an insurance brokerage firm, completed the acquisition of Islamic insurance services providers, Noor Takaful from Noor Investment Group, a financial investment company for $58m. "The transaction is consistent with the company’s strategy to build scale and market share in fragmented market conditions. Given the complementary nature of the business of DAT and the Noor Takaful companies, DAT expects to generate synergies from the transaction,” Dar Al Takaful.
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