Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX)-listed company Insurance House on Sunday said that its board of directors will consider the approval of purchasing a 51.9% stake in a property owned by Finance House in Abu Dhabi. 

The company will acquire the stake for AED 40 million, which represents 33.33% of paid-up capital, Insurance House said in a bourse filing.

Insurance House revealed that the Emirati Securities and Commodities Authority (SCA) has approved holding the board’s meeting on 10 January 2018.