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Emirates NBD Bank to sell its stake in NGI

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Magazine Issue: 
The insurance market consolidation in view of the post-Covid-19 [3]
Magazine date: 
Jul 2021

insuranceEmirates NBD Bank is selling its entire stake of 15.19% in the capital of National General Insurance (NGI) to Dubai Investments. The transaction is valued at 71 million AED (19.3 million USD).

In April 2021, the bank had already sold 21.53% of NGI's capital to Dubai Investments.

The investment company now holds 45.18% of the Emirati insurer's capital against the 8.46% it owned previously.

Read also | Top 30 insurance companies in the UAE [4]

Wed, 28/07/2021 - 09:27

Source URL: https://www.atlas-mag.net/en/article/emirates-nbd-bank-to-sell-its-stake-in-ngi

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[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/article/uae-insurance-market-in-2019-top-30-insurers-per-gwp