Business Insurance:United Arab Emirates—A new takaful company formed by Noor Investment Group L.L.C. will provide coverage for marine, engineering and aviation risks in the Middle East.
Noor Takaful General PJSC will be based in Dubai and will have operations in Abu Dhabi and Sharjah. It is being formed in conjunction with Noor Takaful Family PJSC, which will offer personal takaful products.
The two insurers have been established with combined capital of 150 million UAE dirhams ($40.8 million).
Noor Investment Group said its aim is to expand the reach of the companies within the Middle East and North Africa.
Sunday, January 11, 2009
New takaful company to provide marine and engineering coverage
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