Al Hilal Takaful’s Acquisition by Siraj Holding Now Complete
July 20, 2020
Email United Arab Emirates-based Al Hilal Takaful, the Islamic insurance sector of Al Hilal Bank, is now a part of Oman-based Siraj Holding, following the completion of the acquisition by the private investment firm.
According to media reports, the transaction was approved by all key stakeholders, including the shareholders, the Securities and Commodities Authority (SCA), as well as the Insurance Authority, and was stated to be in compliance with all other regulatory requirements.
The acquisition signifies a new phase of operations for Al Hilal Takaful, establishing it’s as a premier provider of a host of Takaful solutions for individuals, employees and the Government.
