Wifak Bank to acquire At-Takafulia

Wifak Bank has been granted approval by the Insurance General Committee (CGA) to acquire 95.9% of the capital of the insurance company At-Takafulia.

This stake was previously held by BH Assurance (24%), STAR (19.9%), CTAMA (13%), AMI Assurances (13%), MAE (13%), Tunis Re (8%), Tunisian Saudi Bank (2.5%), and the Islamic Insurance Company (IIC, Jordan) (2.5%).

The remaining 4.1% are held by private investors.