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UAE-based NGI mulls over raising foreign ownership to 49%

UAE-based NGI mulls over raising foreign ownership to 49%
The decision to be discussed in a meeting on 6 October
NGI
NGI
1.42% 5.00 0.07

Dubai – Mubasher: National General Insurance Co (NGI), listed on the Dubai Financial Market (DFM), announced that its board of director considers raising the percentage of foreign ownership in the company’s capital to 49% from 25%.

The board will discuss this decision, as well as other general business matters, in a meeting to take place on Sunday, 6 October 2019, NGI said in a bourse filing on Tuesday.

NGI will disclose the decisions approved and adopted by the board directly after the meeting is concluded.