Goldilocks Investment Company Limited today announced that it has acquired a 29.49 percent stake in Takaful Emarat – Insurance. This is Goldilocks’ second recent acquisition in the insurance sector.
“Goldilocks believes that the insurance sector is poised for considerable growth, driven by increasing contributions, favorable regulatory landscape, and new product opportunities. Goldilocks seeks to help Takaful Emarat take advantage of the strong market dynamics which are driving significant opportunities for growth,” said a statement.
Launched in 2015, Goldilocks is an investment fund with a mandate to invest in listed equities by taking a constructive activist role to unlock value. The fund is managed by ADCM Altus Investment Management Limited.
Originally published on www.tradearabia.com