27 Feb 2011
(MENAFN) Abu Dhabi’s Insurance House stated that it would permit foreigners to acquire up to 20 percent of the company’s capital after the initial public offering (IPO) it plans, reported emirates 24/7.
The company is offering USD18 million, or 55 percent of its capital, to nationals of the United Arab Emirates in the IPO which runs from February 27 to March 9.
Insurance House promoter, Finance House, would hold 36 percent of the company as part of the founders’ share which is 45 per cent of the capital.
It is worth noting that this IPO would be UAE’s first one in over two years.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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