Tuesday, 11 December 2018

UPDATE 1-Goldilocks Investment buys 29.5 pct stake in Dubai-listed Takaful Emarat | Reuters

UPDATE 1-Goldilocks Investment buys 29.5 pct stake in Dubai-listed Takaful Emarat | Reuters:

Goldilocks Investment Co, an indirect subsidiary of Abu Dhabi Financial Group (ADFG), has acquired a 29.5 percent stake in Dubai-listed Takaful Emarat Insurance, it said on Tuesday.

It is the third in a series of recent acquisitions by Goldilocks which said on Sunday it had increased its ownership in Dubai-listed Islamic Arab Insurance Company, known as Salama, to 14.1 percent.

On Monday it said it had acquired an 18.3 percent stake in Dubai-based shipping firm Gulf Navigation Holding.

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