Arab Insurance Group (Arig) has announced that it has engaged Emirates NBD Capital to explore opportunities for finding a buyer for the company.
In a statement to the Bahrain Bourse, Arig said that its board of directors signed a letter dated 30 January 2022 appointing Emirates NBD Capital as financial adviser to the company in relation to “finding a buyer for the divestiture of up to 100% of the equity stake in Arig to potential investor(s) subject to applicable laws and regulations”.
The statement added, “To the best of our knowledge, Emirates NBD Capital is an entity independent of Arig.” M