The National Takaful Company, Watania, an Abu Dhabi-based Sharia compliant insurance company, will launch its initial public offering (IPO) next Monday to raise Dh82.5 million, representing 55 per cent of the share capital, according to a statement issued yesterday.
Watania's Founders have subscribed to an aggregate value of Dh67.5 million shares representing 45 per cent of the share capital of Dh150 million.
The offer price for each share is fixed at Dh1 with an additional Dh0.05 as subscription fee per offered share.
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