Project Insurance (Now
Closed)
Requirement : Price : AED 2.5 M
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Deal Description:
Insurance Brokerage firm based in UAE, under incorporation.
Initial Approval has been received.
Final Approval is awaited on submission of Bank Guarantee of AED 3M and Security Deposit of AED 3M approximately.
The client is ready to sell the Initial Approval and assist in getting Final Approval.
Shares in the Company which holds the Initial Approval will be sold.
Key Investment Merits:
Currently, insurance brokerage licenses are difficult to obtain.
Insurance sector ROI ranges from 15-30%
Insurance has been made mandatory for all in UAE
Management:
Single ownership
Financials:
No Financials – As the company is still under incorporation.
