UAE’s Dar Al Takaful completes acquisition of Noor Takaful
Dubai-based Dar Al Takaful has completed its acquisition of Noor Takaful Family and Noor Takaful General, the company said in a bourse filing on Monday (July 27).
Dar Al Takaful bought the sister companies for 215 million dirhams ($58.54 million). Noor Takaful was the insurance arm of Noor Investment Group that sold Noor Bank to Dubai Islamic Bank this year.
Dar Al Takaful now adds family takaful (life) to its business. It previously offered general takaful that includes motor, marine, fire, engineering, medical and general accident risks.
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