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From Bernama: AMMB Holdings Bhd Thursday announced the incorporation of a new subsidiary, AmFamily Takaful Bhd,to undertake the family takaful business.
AmFamily is 70 per cent owned by AMAB Holdings Sdn Bhd, a unit of AMMB, while Friends Provident Limited, a wholly-owned subsidiary of FP Group, holds the remaining 30 per cent equity interest, it said in a fling to Bursa Malaysia Thursday……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Insurance (Takaful), New Launches more
AMMB establishes family Takaful subsidiary
| Posted on 28 January 2011 |
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