Al Ain Ahlia Insurance sells stake at Dh47.80 per share

Abu Dhabi: Abu Dhabi-listed Al Ain Ahlia Insurance company said on Sunday it sold 18,393 shares or 0.123 per cent of shares for Dh47.80 per share.

The mediator for the transaction was National Bank of Abu Dhabi Securities.

Al Ain Ahlia Insurance Co is an Abu-Dhabi based insurance company which provides all major lines of insurance, but with a focus on large commercial projects, particularly oil and gas related. The state of Abu Dhabi owns 20 per cent in the company.