Dubai Investments, a Dubai-based investment company, has acquired 21.53% of the National General Insurance (NGI) capital. The transaction involves the acquisition of 32.3 million NGI shares worth 3.27 AED (0.89 USD) each.
Dubai Investments’ total participation in the capital of the Emirati insurer [4] is of 29.99%.
For the record, Emirates NBD Bank holds 15.19% of NGI's capital.
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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-giants-of-the-net
[4] https://www.atlas-mag.net/en/article/uae-insurance-market-in-2019-top-30-insurers-per-gwp