BUSINESS TIMES Tuesday, May 13, 2008, 02.43 PM
ACR ReTakaful will have a capital base of US$300 million as well as two operating companies in its stable, to be based in Kuala Lumpur and the Middle East
KHAZANAH Nasional Bhd, together with the United Arab Emirates' Dubai Banking Group and Singapore's Asia Capital Reinsurance (ACR), has jointly set up the world's largest retakaful group with a capital base of US$300 million (RM945 million).
Khazanah and Dubai Banking will each directly own 40 per cent interest in ACR ReTakaful, while ACR will hold the remaining 20 per cent.
By virtue of Khazanah's 32 per cent stake in ACR, it will have the largest effective shareholding in ACR ReTakaful.
ACR ReTakaful will have two operating companies in its stable, which will be based in Kuala Lumpur and the Middle East.
http://www.btimes.com.my/Current_News/BTIMES/Thursday/Frontpage/KHACR-2.xml/Article/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment