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Bahrain's PineBridge Investments eyes setting up retakaful firm in Dubai

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Sources have said that Bahrain-based PineBridge Investments Middle East B.S.C. is looking to launch a new $500 million retakaful firm in U.A.E.'s Dubai city, The National reported.

Lakhdar Moussi, an independent consultant to the private equity firm, is likely to be the chief executive of the retakaful firm, added the sources. "It is important that increased retakaful capacity is made available to service the industry as a whole, and to support the takaful players," an official said.

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