Kuwait Insurance gets regulatory nod to buy takaful insurer
Posted On: Mar. 20, 2023 9:48 AM CST![M&A](https://bicontent.businessinsurance.com/0c41e55d-3711-45a7-8f75-0c960b4e8613.jpg)
Kuwait Insurance Co. has received approval from the Insurance Regulatory Unit, the Competition Protection Agency and the Capital Markets Authority to acquire a majority stake in Kuwait-based National Takaful Insurance Co., Middle East Insurance Review reported. The company reached a preliminary purchase deal in November 2022 to acquire the stake in the takaful insurance firm.