Takaful Malaysia Sells Stake In Colombo Firm

By Feizal Samath

Sumber: Bernama

COLOMBO, 27 Nov 2007 - Syarikat Takaful Malaysia Bhd, the biggest takaful operator in the world, today sold its 10 percent stake in Amana Takaful Plc, a Sri Lankan Takaful insurance company.

Ehsan Zaheed, director and chief executive officer of the Sri Lankan firm, said the Malaysian company sold its stake in line with a decision to shed its interests in overseas companies.

Amana Takaful was set up in 1999 in collaboration with Takaful Malaysia, catering for both family and general takaful insurance. It is the first insurer in Sri Lanka to introduce the practice of refunding surplus premiums at the end of the term of policies.

The Malaysian stake was sold to Amana Investments, a Sri Lankan merchant banking operation which is the largest investor in Amana Takaful.

- BERNAMA

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