UAE: Investment firm acquires 29.49% stake in Takaful Emarat
Source: Middle East Insurance Review | Jan 2019
Goldilocks Investment Company, an indirect subsidiary of Abu Dhabi Financial Group, has acquired a 29.49% stake in Takaful Emarat.
The deal marked the firm’s second recent acquisition in the insurance sector after acquiring a 14.1% stake in Islamic Arab Insurance (Salama).
“Goldilocks believes that the insurance sector is poised for considerable growth, driven by increasing contributions, favourable regulatory landscape, and new product opportunities. Goldilocks seeks to help Takaful Emarat take advantage of the strong market dynamics which are driving significant opportunities for growth,” the company said in a statement. M