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

Amana Takaful (Maldives) plans public listing

Posted on 09 September 2011

Maldivian subsidiary of Sri Lanka’s Amana Takaful Insurance, Amana Takaful (Maldives) plans to offer shares for subscription on 20 September.
The firm, which is listing on the Maldives Stock Exchange, will issue 800,000 ordinary shares in 25 share parcels, each at MVR 20 amounting to a total proceeds of MVR 16 million ($1.05 million). The IPO prospectus says that 65 per cent of the shares will be allotted to Maldivian nationals while 20 per cent will be for expatriates. Overseas applicants will be allotted 15 per cent of the issued shares……………………………………….Full Article: Source

 
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