Oman Insurance to raise stake in Dubai Starr Sigorta

A sale and purchase agreement will be signed following the acquisition

  
Image used for illustrative purpose only. An investor works on his computer on the trading floor of the Muscat Securities Market (MSM) in the Commercial Business District of Ruwi in Muscat

Image used for illustrative purpose only. An investor works on his computer on the trading floor of the Muscat Securities Market (MSM) in the Commercial Business District of Ruwi in Muscat

REUTERS/STR New

Dubai – Mubasher: Oman Insurance Company is preparing for acquiring additional 49% stake in its subsidiary Dubai Starr Sigorta.

The company referred that a sale and purchase agreement will be signed following the acquisition, as the measures of the acquisition are subject to regulatory approval, the company disclosed to Dubai Financial Market (DFM) on Monday.

Source: Mubasher

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