Ras Al Khaimah Cement Company P.S.C. (ADX:RAKCC) and others acquired 9.79% stake in AXA Green Crescent Insurance Company PJSC (ADX:AXAGCIC) from Emirates Investment Bank P.J.S.C. (DFM:EIBANK) on March 4, 2020. Under the terms of transaction, Ras Al Khaimah Cement acquired 18.3 million shares and other party acquired 1.28 million shares. Post completion, Ras Al Khaimah Cement Company will hold 9.15% stake and others will hold 0.64% stake in AXA Green Crescent Insurance Company.

Ras Al Khaimah Cement Company P.S.C. (ADX:RAKCC) and others completed the acquisition of 9.79% stake in AXA Green Crescent Insurance Company PJSC (ADX:AXAGCIC) from Emirates Investment Bank P.J.S.C. (DFM:EIBANK) on March 4, 2020.