Categories
Banking
UAE mega-insurer ADNIC to pay SR499m for 51% in Saudi entity
ADNIC’s acquiring the 51% stake in Allianz Saudi Fransi Cooperative Insurance Co. for SR499 million is the largest insurance deal in the Middle East in recent years. It reflects the growing importance of the Saudi insurance sector, which is expected to grow to around $10.4 billion by 2026.…
Read More