ADQ inks agreement to acquire remaining 20% stake in Daman

ADQ inks agreement to acquire remaining 20% stake in Daman

ADQ has signed a definitive agreement to purchase the remaining 20% equity stake of The National Health Insurance Company (Daman) from Munich Re, a reinsurance provider. Munich Re will continue to be Daman’s reinsurer to offer healthcare insurance services in its next stage of growth, according to a press release on Thursday. Subject to customary closing conditions, including regulatory approvals, Daman set a new corporate strategy earlier this year to transform its business operations and provide the latest innovations to its members across the UAE. The said: Meanwhile, the commented: