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FINANCIAL NEWS
Charles Taylor Adjusting buys majority stake in Saudi NILACO
12 Aug 2012
(MENAFN) Charles Taylor Adjusting, a unit of UK-based Charles Taylor Plc has inked a deal to acquire a majority stake in Noble Inspection and Loss Adjustment Company (NILACO) in Saudi Arabia, Arabian Business reported.
Charles Taylor Adjusting provides loss adjusting services for sectors including energy, marine, aviation and non-marine along with average adjusting services for ship owners.
The acquisition will see Charles Taylor Adjusting expand into Riyadh and Jeddah, and strengthen its existing business in the UAE and Qatar, the company said in a statement.
Following the acquisition, the business will be renamed Charles Taylor Adjusting (Saudi Arabia).
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