Allianz Completes Transaction to Sell 51% Stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC)
- Written by: iPMI Global
- Category: Mergers and Acquisitions News
Allianz Group has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. The signing of a binding agreement was initially reported on September 28, 2023.
