Al Hilal Bank sold Al Hilal Takaful to Siraj Holdings

Al Hilal Bank - an entirely owned subsidiary of Abu Dhabi Commercial Bank, ADCB - has finished the offer of Al Hilal Takaful, its Islamic protection subsidiary, to Siraj Holding LLC. 

In an announcement by the bank on Tuesday, the divestment was driven by Al Hilal Bank's vital choice to concentrate on conveying top notch retail banking administrations, basically through advanced channels. 

Al Hilal Bank was procured by ADCB in May 2019, after the merger among ADCB and Union National Bank. Full incorporation of the three banks was finished toward the beginning of April 2020, making a completely bound together, amazing and versatile financial gathering.