Narratiive Tags - Khaleej Times Desktop
Finance
Logo
 

Al Hilal Bank sells Al Hilal Takaful to Siraj Holdings

Staff Report/Dubai
Filed on June 9, 2020

(Supplied)

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

The divestment was driven by Al Hilal Bank's strategic decision to focus on delivering high-quality retail banking services, primarily through digital channels.

Al Hilal Bank was acquired by ADCB in May 2019, following the merger between ADCB and Union National Bank (UNB). Full integration of the three banks was completed in early April 2020, creating a fully unified, powerful and resilient banking group.

- business@khaleejtimes.com


ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /dubai-islamic-banks-h1-profit-rises-7-to-dh214-billion macro_action: article, macro_profile: , macro_adspot:
 
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery