ORIENT Insurance PJSC — M&A Activity 2021

Nov 3, 2021

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Press Release

the intention of acquiring

Orient Insurance's Board of Directors (PJSC) announced that the company will submit an offer to acquire non-owned shares of Orient UNB Takaful (PJSC), sum of 16.09% of the company's shares, after obtaining the necessary approvals to begin the acquisition process from the regulators

Omar Elamin, CEO of Orient Insurance Group, declared that the acquisition is in the interest of the two companies through the expected integration, and Orient is committed to support Orient Takaful while always maintaining the independence of the target company in carrying out its operations .

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