RSA Insurance to acquire Al Ahlia Insurance

RSA Insurance Group has announced that it will acquire Al Ahlia Insurance Company for £31 million from ONIC.

Consideration is payable as a combination of cash and shares in the acquiring entity RSA Oman. Completion of the transaction is subject to shareholder and regulatory approvals.

Paul Whittaker, CEO of emerging markets at RSA Insurance, said: "The acquisition of Al Ahlia creates a market leading insurer in Oman and enhances our emerging markets platform in the Middle East."

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