Abu Dhabi – Mubasher: Methaq Takaful Insurance Company reiterated that its board has not issued any approval on the acquisition of Eshraq Investments and declined taking any procedures in this regard. 

It also emphasised that it will take all legal procedures if it intends to acquire Eshraq in the future, according to a stock exchange filing on Tuesday.

Methaq Takaful is listed on the Abu Dhabi Securities Exchange (ADX) while Eshraq Investments is dually-listed on ADX and the Saudi Stock Exchange (Tadawul).