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Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
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Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
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Japan’s Tokio Marine unit plans Saudi IPO listing

Japan’s Tokio Marine unit plans Saudi IPO listing

Tokio Marine Middle East, an Islamic insurer, has gotten regulatory approval to list up to 30 percent of its shares on the Saudi stock exchange, according to a statement on Monday.


February 27, 2012 1:10 by

Saudi Arabia’s Alinma bank, a major shareholder in Tokio Marine Saudi Arabia, said the Capital Markets Authority had given the go-ahead for the initial public offering of 6 million shares at 10 riyals per share.

Japan’s Tokio Marine Holding and Alinma both own a 28.5-percent stake in the Saudi unit. Other smaller shareholders include Saudi Basic Industries. (Reporting by Mirna Sleiman; Editing by Amran Abocar)


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