Foreign insurers eye stake in Syarikat Takaful


  • Business Premium
  • Monday, 22 May 2017

Mohamed Hassan(filepic):

PETALING JAYA: Syarikat Takaful Malaysia Bhd, which is a target for acquisition, could see the entry of a foreign-based insurer buying up a stake in the country’s oldest takaful company.

BIMB Holdings Bhd, which owns 60% stake in Syarikat Takaful, according to sources has been approached by a couple of foreign insurers which have expressed interest in the acquisition of Syarikat Takaful, which is also one of the leading and stronger domestic takaful operators with a market value of about RM3.3bil.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

China Nov export growth slows but imports accelerate Premium
Ringgit edges higher against US$ near 4.24 support Premium
Bursa tracks Wall Street higher as Omicron fears wane Premium
Tiong Nam ready to capitalise on demand for warehousing services Premium
Trading ideas: Mah Sing, Yinson, T7 Global, Kelington, Jade Marvel Premium
Norway's Aker Solutions says Malaysia manager cleared of charges Premium
Iraqi oil minister expects oil to reach over US$75 Premium
Global oil CEOs stress need for fossil fuels despite push for cleaner energy Premium
Oil rebounds by almost 5% on Omicron hopes, Iran talks Premium
GLOBAL MARKETS-Stocks rally, dollar gains as Omicron fears ease Premium

Others Also Read


Vouchers