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Major Watania shareholders to sell stakes

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Abu Dhabi-listed Islamic insurer National Takaful Company, or Watania, said on Sunday its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying parties.

Published: Mon 28 Jul 2014, 9:19 AM

Updated: Tue 7 Apr 2015, 10:25 PM

In a short bourse filing, Watania said the deal was subject to regulatory approvals. It did not disclose the value of the deal, nor the size of the stake being sold.

Among Watania’s shareholders are Abu Dhabi Investment Council, Ajman Bank and Abu Dhabi National Insurance Co, all with around 15.75 per cent of the firm.



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