Foreign insurers eye stake in Syarikat Takaful

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.