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New Deal


Announced

Completed

Dar Al Takaful completed the acquisition of Noor Takaful from Noor Investment Group for $58m.

Financials

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Transaction Value£44m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Insurance Brokers

Friendly

insurance services

Majority

Single Bidder

islamic insurance

insurance agency

Private

Completed

Acquisition

Private Equity

United Arab Emirates

Synopsis

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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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