Walaa gets DFSA’s nod to acquire 88% of Aspire MGA

04/05/2025 Argaam
Logo ofWalaa Cooperative Insurance Co.

Logo of Walaa Cooperative Insurance Co.

Walaa Cooperative Insurance Co. received an approval from the Dubai Financial Services Authority (DFSA) to complete its acquisition of an 88% stake in Aspire MGA.

 

Recently, the Saudi insurer received a no-objection letter from DFSA to acquire 88% of Aspire Underwriting Agency Ltd, a Managing General Agent (MGA) based in Dubai International Financial Center (DIFC), the UAE, Argaam reported.

 

For more news and details on M&As

 

The investment is estimated at about SAR 68 million.

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