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

Takaful to list shares next month

Posted on 14 October 2011

Abu Dhabi-based Islamic insurance firm National Takaful Company, or Watania Takaful, will list its shares on the Abu Dhabi bourse on November 14, more than six months after its $22.50 million (Dh82.62 million) initial public offering, two people familiar with the matter said.
“The company got the necessary approvals to list on the Abu Dhabi Securities Exchange on November 14, right after the Eid vacation,” one banker aware of the deal, who declined to be identified, told Zawya Dow Jones. ADX officials couldn’t be immediately reached for comment……………………………………….Full Article: Source

 
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