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ARIG ceases operations and seeks buyer

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Magazine Issue: 
Covid-19, an endless world [3]
Magazine date: 
Feb 2022

ArigArab Insurance Group (ARIG), which is currently out of business, has appointed Emirates NBD Capital as financial advisor to help it find a buyer for the company's 100% capital.

For the record, the shareholders, meeting in an extraordinary general meeting on 13 August 2020, approved the cessation of the company's reinsurance activities, the placement in run-off of the current portfolio and the possible search for a buyer to take over the company.

The Bahraini group, founded in 1980, counts among its shareholders the governments of Kuwait, Libya and the United Arab Emirates.

Read also | ARIG: cessation of activities [4]

Thu, 03/02/2022 - 10:10

Source URL: https://www.atlas-mag.net/en/article/arig-ceases-operations-and-seeks-buyer

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-188-february-2022
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