| Al Madina Gulf Insurance has received approval in priniciple from the Capital Market Authority become a Takaful provider and to turn itself into a publicly-listed company (SAOG); plans to file for an IPO ‘soon’.
“It has been a long-standing vision of the founder shareholders to be the first Takaful company in (the) Sultanate of Oman. We believe that Al Madina is well positioned to spread the message of Takaful in the country and be a profitable venture for its stakeholders namely our policyholders, our employees and our shareholders,” said Mohammed Al Barwani, Chairman of the Board of Al Madina Gulf Insurance..............................................Full Article: Source
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