ID :
14131
Mon, 07/28/2008 - 20:29
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http://m.oananews.org//node/14131
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Up to 55% of Takaful shares offered to UAE, GCC nationals
Dubai, July 28, SPA – Mohamed Musabbeh Al-Neaimi, Chairman of Takaful House, has announced that Takaful House has joined Securities and Commodities Authority as the Minister of Economy made a Public Joint Stock Company after its registration certificate. Takaful House will be listed on August 4.
Al-Neaimi disclosed a capital of Dh100 million, with 55 percent of company shares offered to the United Arab Emirates (UAE) and GCCnationals, according to a report published today by Saudi Gazette.
He also said that the board of directors obtained a prior approval from the constitutive general assembly that expatriates residing inthe country will be allowed to own 25 percent of the company shares.
Takaful House, headquartered in Dubai, will shortly open branches inall emirates.
Al-Neaimi disclosed a capital of Dh100 million, with 55 percent of company shares offered to the United Arab Emirates (UAE) and GCCnationals, according to a report published today by Saudi Gazette.
He also said that the board of directors obtained a prior approval from the constitutive general assembly that expatriates residing inthe country will be allowed to own 25 percent of the company shares.
Takaful House, headquartered in Dubai, will shortly open branches inall emirates.
