Dar Al Takaful’s OGM Gives Its Approval to Proceed with the Acquisition of Noor Takaful

The Ordinary General Meeting (OGM) of Dar Al Takaful has given its nod to go ahead with the acquisition of Noor Takaful General and Noor Takaful Family for an amount of AED 215 million.

In February 2020, Dar Al Takaful signed a conditional agreement with Noor Financial Investment and Noor Bank to acquire Noor Takaful General and Noor Takaful Family.

The OGM’s approval follows the request by Dar Al Takaful’s shareholders with a stake of 10% or more in the company’s shares, to include the matter of this acquisition as an agenda item in the meeting. 

Established in 2008 with a paid-up capital of AED 150 million, Dar Al Takaful is a...