Orient Insurance seeks to acquire Orient UNB Takaful's non-owned shares

Orient Insurance seeks to obtain necessary regulatory approvals

  
Image used for illustrative purpose. Close-Up Of Rosary Beads With Coins And Text Blocks In Wooden Box On White Background.

Image used for illustrative purpose. Close-Up Of Rosary Beads With Coins And Text Blocks In Wooden Box On White Background.

Getty Images
Dubai - Orient Insurance Co will submit an offer to acquire non-owned shares of Orient UNB Takaful, representing 16.09% of the company's shares.

Orient Insurance seeks to obtain necessary regulatory approvals to begin the acquisition process, according to a bourse filing on Wednesday.

The transaction is valued at AED 78.5 per share, which is the last purchase price by the Abu Dhabi Commercial Bank (ADCB).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities