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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Takaful Malaysia nears deal on Indonesian stake sale

Posted on 07 March 2012

Syarikat Takaful Malaysia Bhd (Takaful Malaysia) is close to selling a stake in its Indonesian unit to a local partner to expand its distribution network in the republic. Group managing director Datuk Hassan Kamil said the insurer will consider issuing new shares as well.
“We recently got another enquiry from a very large local insurance group. They are a close-knit family-run conglomerate,” Hassan told Business Times in an exclusive interview recently……………………………………….Full Article: Source

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