DUBAI: Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer (CEO) of the joint entities. Sethi brings over 30 years of experience in the banking, investment banking, and insurance sectors. Previously, he has worked in leadership roles across Asia, Europe…
DUBAI: Dar Al Takaful PJSC (DAT) has entered into a legally binding share purchase agreement with Noor Investment Group LLC and Noor Bank PJSC to acquire the entire share capital of both Noor Takaful General PJSC and Noor Takaful Family PJSC for a total consideration of AED 215 million in cash. The Company can confirm…
DUBAI: Islamic Arab Insurance Company (SALAMA), listed on the Dubai Financial Market, has shown consistent growth in net profit over the last three quarters of 2019 and has reported 13.6% growth in gross contribution, attributing to a total of Dh901 million in gross contribution for 9-month 2019 compared to Dh793 million in 9-month 2018. As…