Arab Bank PLC acquired 18% equity stake in Al-Nisr Al-Arabi Insurance Company (ASE:AAIN) from Allianz MENA Holding Bermuda Limited on July 23, 2023. As a part of acquisition, Arab Bank PLC previously owning 50% and will now own 68% by acquiring 18% equity stake in Al-Nisr Al-Arabi Insurance Company.

Arab Bank PLC completed the acquisition 18% equity stake in Al-Nisr Al-Arabi Insurance Company (ASE:AAIN) from Allianz MENA Holding Bermuda Limited on July 23, 2023.