Mohamed Hassan: ‘We do not expect the company earnings to be affected until the actual splitting of licences is completed.

PETALING JAYA: Syarikat Takaful Malaysia Bhd, which is a target for acquisition, could see the entry of a foreign-based insurer buying up a stake in the country’s oldest takaful company.

BIMB Holdings Bhd, which owns 60% stake in Syarikat Takaful, according to sources has been approached by a couple of foreign insurers which have expressed interest in the acquisition of Syarikat Takaful, which is also one of the leading and stronger domestic takaful operators with a market value of about RM3.3bil.

BIMB, sources said, at the moment is mulling the right price for the sale of a stake in its listed takaful arm and how it can add value to the group and its shareholders amid the restructuring of the group.

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