Dubai Islamic Insurance & Reinsurance to sell its individual life insurance portfolio

Dubai Islamic Insurance & Reinsurance (Aman) has been granted initial approval by the Central Bank of the United Arab Emirates (CBUAE) regarding the sale of its individual life insurance portfolio. The business will be taken over by Abu Dhabi National Takaful.

The transaction is expected to be finalized in Q3 2023.

This deal is expected to have a positive impact on Aman's financial results.