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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Insurance (Takaful), Market Moves more

National Takaful Company ‘Watania’ to launch IPO on April 18

Posted on 12 April 2011

A new Islamic insurance company, Wataniya, will launch an 82.5 million dirham ($22.4 million) initial public offering on April 18 with plans to list on the Abu Dhabi bourse, the company said on Monday.
The founders of Wataniya have subscribed to 45 percent of the total share capital of 150 million dirhams, the company said in a statement……………………………………….Full Article: Source

 
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