Orient Insurance PJSC made an offer to acquire remaining 16.09% stake in Orient UNB Takaful P.J.S.C. for AED 25.3 million on November 3, 2021. As per the transaction, Orient Insurance PJSC will pay AED 78.5 per share to shareholders of Orient UNB Takaful P.J.S.C. The transaction is subject to approval by regulatory authorities. The transaction is approved by board of directors of Orient UNB Takaful P.J.S.C.