AMAN Insurance raises foreign shareholding limit to 49%

Following its general meeting held on October 17th, 2018, the Dubai Islamic Insurance & Reinsurance Company (AMAN) has approved the increase in the ceiling of foreign equity holdings to 49%, compared to the 25% previous limit. The Dubai Financial Market (DFM) has been called upon to implement this new measure from October 16th, 2018.

Founded in 2002, AMAN is owned by Dubai Islamic Bank as well as several investors including Mohammed bin Omair bin Yousef Al Muhairi (7.4078%) and Khalifa Mohammad Amir Yusuf Al Muhairi Ahmed (5.74%).

Read also | AMAN sets up a five-year plan and elects a new board of directors