News Middle East18 Jan 2024

Saudi Arabia:Tokio Marine agrees to sell stake in domestic composite insurer

| 18 Jan 2024

Tokio Marine Holdings has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has agreed to sell all of its shares in Riyadh-headquartered Arabian Shield Cooperative Insurance Company (AS), a life and non-life insurance company in Saudi Arabia, to Alinma Bank.

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