Abu Dhabi - Mubasher: Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has completed the sale of Al Hilal Takaful to Siraj Holding. 

Selling Al Hilal Bank's Islamic insurance subsidiary came in line with the bank's strategy to focus on offering high-quality retail banking services, mainly via digital channels, according to a recent press release.

It is noteworthy to mention that in May 2019, ADCB acquired Al Hilal Bank, following its merger with Union National Bank (UNB), resulting in a fully unified banking group whose integration was completed in April 2020.