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Actuarial

Thursday, 8 May 2008

ACR - World's Largest Retakaful Group

ACR Retakaful Holdings Ltd is now the world's largest retakaful group, with a capital base of US$300 mil and 2 operating companies in Kuala Lumpur and the Middle East.

The shareholding structure of ACR Retakaful:
  • Khazanah - 40%
  • Dubai Banking Group - 40%
  • ACR - 20%

However, because Khazanah also owns 32% of ACR, effectively Khazanah is the largest shareholder of ACR Retakaful with effective stake of 46.4%.

Source: The Star

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