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Saturday, 15 September 2007

Malaysia's Takaful Ikhlas eyes Saudi expansion

The Chief Executive Officer at Takaful Ihklas Sdn Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, said that the company has submitted an application to expand its operations to the Kingdom of Saudi Arabia, Khaleej Times reported.The CEO also indicated that the Malaysian company was looking to other countries with a large Muslim population and those with mature financial markets for further expansion.He added that Takaful Ikhlas sees Saudi Arabia as one of the possibilities but does not discount India, China and the UK as possible markets to expand into. - (Menafn, 15 Sep 07)
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