Insurance House will be partly listed

Insurance House, based in Abu Dhabi, will get listed in May 2011. A share of 20% will be offered to the public. A first listing was completed last March. The capital of the company is estimated at 120 million AED (32.6 million USD). Finance House, the parent company, holds 45% of it. Insurance House markets non-life insurance policies, including health.
The company has set a target of 9 million AED (2.4 million USD) of premiums by the end of December 2011.