Dubai Investments acquires further stake in National General Insurance Co.

Aggregate ownership now at 45.18% of the issued share capital of NGI

  
A general view of downtown in Dubai, United Arab Emirates, June 9, 2021.

A general view of downtown in Dubai, United Arab Emirates, June 9, 2021.

REUTERS/Christopher Pike

Dubai DFM-listed investment company, Dubai Investments, has acquired an additional 15.19 percent share of National General Insurance Co. from Emirates NBD Bank through a direct deal.

The aggregate ownership has now reached 45.18 percent, following the acquisition of 21.53 percent acquired through direct deal mechanism in April 2021, and the existing 8.46 percent of shares held by Dubai Investments, the investment company said in a disclosure.

Al Mal Capital PSC, a subsidiary of Dubai Investments, was the financial advisor, facilitating the transaction.

(Writing by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@refinitiv.com

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© ZAWYA 2021

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