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

National Takaful equities get listed on ADX

Posted on 15 November 2011

Shares of National Takaful Company or Watania were listed on the Abu Dhabi Securities Exchange, or ADX, on Monday. Watania is the 17th insurance company to be enlisted on the bourse out of total 67 companies. Watania’s Initial Public Offering of Dh82.5 million launched in May this year proved highly successful, being oversubscribed seven fold to Dh620 million.

Shares closed at a price of Dh1.13 a share after opening at Dh1.08 a share. A total of 1.43534 million shares valuing Dh1.62 million changed hands on the first day………………………………………Full Article: Source

 
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