Chedid Capital acquires Emirati broker

Lebanese (re)insurance broker Chedid Capital Holding has acquired
75 percent of UAE-based intermediary Al Manara Insurance Services,
the company announced today (11 May).
Chedid said the move was part of plans to expand its presence
within the EMEA region by next year, in addition to its growth
plans in Africa.
Chedid Capital chairman and CEO Farid Chedid said the company
was proud to continue its expansion in the Gulf Co-operation
Council with the acquisition of Al Manara, and to gain...