The planned merger between Islamic Arab Insurance Company (SALAMA) and Takaful Emarat, announced in October 2022, will not take place.
After careful consideration, the two companies have jointly decided not to pursue the merger through shares or any other arrangement, including acquisition.
Neither company's position in the UAE insurance market [4] will be affected by this decision.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Fsalama-and-takaful-emarat-terminate-planned-merger&text=Salama+and+Takaful+Emarat+terminate+planned+merger
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Fsalama-and-takaful-emarat-terminate-planned-merger&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-203-july-2023
[4] https://www.atlas-mag.net/en/article/the-uae-insurance-market