Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / Features / Shuaa Capital Lead Manager And Underwriter For Dar Al Takaful Rights Issue
Special Features

Shuaa Capital Lead Manager And Underwriter For Dar Al Takaful Rights Issue

SHUAA Capital, the UAE’s premier financial services firm, has been selected as Lead Manager and Underwriter for Dar Al Takaful’s proposed rights issue. The Dubai Financial Market-listed Islamic insurer recently announced plans to raise AED 50 million through a rights issue. Proceeds will be used to maintain Dar Al Takaful’s capital requirements, strengthen its balance sheet and support its growth plans. The issue, starting from 20th April 2017 will have National Bank of Abu Dhabi acting as the Receiving Bank.

Mr. Abdul Aziz Al Bannai, Chairman of Dar Al Takaful said, “With the enhanced capital base and meticulously planned expansion strategies, DAT aims to become the most successful Insurance company working according to Shariah tenets in the U.A.E”. 

Jassim Alseddiqi, Chairman of SHUAA Capital said: “We are pleased to underwrite the full rights issue of Dar Al Takaful. Dar Al Takaful’s choice of SHUAA Capital to handle this mandate affirms our company’s strong start to 2017. These truly are exciting times as we experience the return of the SHUAA legacy. We look forward to utilising our expertise to manage this important transaction for Dar Al Takaful.” 

Mr. Saleh Al Hashimi, Vice Chairman and Managing Director of Dar Al Takaful commented, “DAT provides a comprehensive range of fully Sharia compliant Islamic insurance products and services and specialized solutions as well. “When it comes to customer service, we benchmark ourselves with the best in the industry and the increasing number of customer accounts retained year after year is a testimony to DAT’s customer focused approach” commented. 

Dar Al Takaful will issue 50,000,000 new shares at a price of AED 1.02, reflecting the nominal value of AED 1 per share. All Dar Al Takaful shareholders holding shares at the close of trading on April 20, 2017, will be entitled for the Rights. 
Each shareholder exercising his/her rights on the eligibility date will receive one right for every two shares held.



We accept Guest Posts

  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     


View Special Features by Category.
Airlines & Airports
Art & Gallery
Banks & Financial sector
Business
Car Industry
Construction
Dubai Government
Dubai Metro
E-Guides
Eco-Friendly
Education & Institutions
Electronics
Entertainment
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Home/Furnishing/Interiors
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Mortgage
Music
Online Food Service
Online Store
Organisations
Other
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Restaurants
Shopping Malls
Spas
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Technology
Things To Do
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top






Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance