Dubai Investments offers to buy NGI at AED3.12/share
DUBAI, UAE: Dubai Investments has made an offer to acquire all or part of shares in National General Insurance (NGI) at the rate of AED3.12/share. The offer has been dispatched to NGI shareholders.
Dubai Investments was incorporated in 1995. Since then, it has grown to become a major player in the economy of Dubai and the UAE, with prudent investments in diversified sectors and markets across the globe – real estate, industrial, financial, healthcare and education among others.
Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,949 shareholders with a share capital of AED 4.25 billion. Through its businesses, Dubai Investments has empowered communities – driving positive growth in all fronts.
Established in 1980, NGI has been a trusted Insurance Provider with great customer satisfaction in the UAE since 40 years. As one of the leading composite insurers in UAE, NGI is recognized as a fully accredited National Insurer, publicly quoted and listed on the Dubai Stock Exchange, and have financially sound and prominent Emirates NBD and Commercial Bank of Dubai as key shareholders and are rated “A-(Excellent)” by AM Best.
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