17.09.2012 - Japanese insurer all set to enter Saudi takaful market through joint venture
Tokio Marine Middle East Ltd, the Dubai-based regional hub of Japanese insurance giant Tokio Marine, plans to launch its new Saudi joint venture which will spearhead its activities in the Kingdom and beyond. Ajmal Bhatty, President and CEO, Tokio Marine Middle East Limited, confirmed to Saudi Gazette that the Alinma Tokio Marine KSA, the joint venture between Tokio Marine Middle East; Saudi Basic Industries Corporation (SABIC), the world’s largest petrochemicals exporter; Saudi Arabia’s Alinma Bank; and some local smaller investors, will start operations very soon. The new company is capitalized at SR100 million...............................................Full Article: Source
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