Informed sources revealed that three listed Emirati insurers [4] are in advanced talks to merge and form a new insurance giant in the UAE.
Companies, whoses names were not disclosed, would currently be initiating due diligence procedures before finalising the merger agreement.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Fproposed-merger-between-three-listed-emirati-insurers&text=Proposed+merger+between+three+listed+Emirati+insurers
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Fproposed-merger-between-three-listed-emirati-insurers&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-197-january-2023
[4] https://www.atlas-mag.net/en/article/uae-insurance-market-in-2019-top-30-insurers-per-gwp