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Intention to Acquire Vision Insurance Company (S.A.O.C)

Intention to Acquire Vision Insurance Company (S.A.O.C)
Al Madina Takaful
AMAT
1.22% 0.08 0.00

The Board of Directors of Al Madina Insurance Company SAOG (Al Madina Takaful) has expressed an interest in acquiring 100%  of Vision Insurance Company SAOC, Oman. The transaction is subject to regulatory approvals and a satisfactory financial, business & legal due diligence. This will add value to our shareholders and policyholders and have a positive impact on our income and strengthening of insurance sector in Sultanate of Oman.