Dubai Investments acquires stakes in National General Insurance Company (NGI)

Dubai Investments has announced the execution of a direct deal, acquiring 21.53% shares of National General Insurance Company PJSC (NGI) from Emirates NBD Bank PJSC. NGI has been a trusted insurance provider listed on the Dubai Stock Exchange.

The aggregate ownership of Dubai Investments in NGI, following the execution of the direct deal reached a total of 29.99% of the issued share capital of NGI. The transaction marks Dubai Investments’ business expansion into UAE’s insurance sector contributing to the well-being and enhancing the reputation of the Emirate as a hub within the insurance industry.