Emirates NBD Bank to sell its stake in NGI

Emirates NBD Bank is selling its entire stake of 15.19% in the capital of National General Insurance (NGI) to Dubai Investments. The transaction is valued at 71 million AED (19.3 million USD).

In April 2021, the bank had already sold 21.53% of NGI's capital to Dubai Investments.

The investment company now holds 45.18% of the Emirati insurer's capital against the 8.46% it owned previously.