Adnic intends to distribute takaful products in 2010

Abu Dhabi National Insurance Company (ADNIC) wishes to increase its turnover. It is within this scope that the country's second insurer has entered into negotiations with several partners with a view to get established on the Takaful market.

Walid Sidani, the group's CEO, has confirmed the four partners with whom he wishes to finalize the business plan soon so as to obtain license from the regulatory authorities. Operations are due to start by mid 2010.