The Legal and General Group has decided to sell its 50 per cent stake in Legal and General Gulf (LGG), to its Bahrain-based joint venture with Ahli United Bank (AUB) specialising in the extension of conventional and Sharia-compliant life insurance services.  This move comes in the context of other corporate divestitures undertaken by the L&G Group in France, Germany and Egypt to focus its business on identified core markets. Following completion of the sale, AUB now holds 100 per cent of LGG’s shares, said a report in the Gulf Daily News (GDN), our sister publication.

 

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