Dar Al Takaful and Watania complete merger to create UAE’s largest insurer – The National
- Date: 04-Jul-2022
- Source: The National
- Sector:Financial Services
- Country:UAE
Dar Al Takaful and Watania complete merger to create UAE’s largest insurer – The National
Sharia-compliant insurers Dar Al Takaful (DAT) and National Takaful Company, better known as Watania, completed their merger to create the UAE's largest insurance provider after securing the approval of regulatory authorities and shareholders of the two companies.
Watania delisted its shares from the Abu Dhabi Securities Exchange on June 30 as part of the transaction.
Its shareholders received 0.734375 Dar Al Takaful shares for every Watania share they own, in line with the merger process.
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