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Announced

Abu Dhabi National Insurance Company to acquire a majority stake in Allianz Saudi Fransi from Allianz for $133.1m.

Synopsis

Abu Dhabi National Insurance Company, a multiline regional insurance provider, agreed to acquire a majority stake in Allianz Saudi Fransi, a company that offers a range of life and non-life insurance products and services to individuals and corporate customers, from Allianz, a company that offers insurance and financial services, for $133.1m.

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