19 October 2011
Abu Dhabi's newest traded company, National Takaful Company or Watania will list its shares on the Abu Dhabi exchange on November 14, according to local sources. The UAE insurer raised AED82.5m ($22.5m) in an IPO of 55% of its equity in April. The rest of the equity remains with its founding partners, which include Abu Dhabi National Islamic Finance (part of National Bank of Abu Dhabi), Abu Dhabi National Insurance Company, Abu Dhabi National Energy Company and Aldar Properties. Watania did not respond to requests for comment by the time The Islamic Globe went to press.
Abu Dhabi's newest traded company, National Takaful Company or Watania will list its shares on the Abu Dhabi exchange on November 14, according to local sources. The UAE insurer raised AED82.5m ($22.5m) in an IPO of 55% of its equity in April. The rest of the equity remains with its founding partners, which include Abu Dhabi National Islamic Finance (part of National Bank of Abu Dhabi), Abu Dhabi National Insurance Company, Abu Dhabi National Energy Company and Aldar Properties. Watania did not respond to requests for comment by the time The Islamic Globe went to press.
© The Islamic Globe 2011
