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Abu Dhabi's UNB says IPO for its Islamic insurer JV heavily oversubscribed

Abu Dhabi's Union National Bank said on Thursday an initial public offer for its new Islamic insurer joint venture Orient UNB Takaful, was more than 13 times oversubscribed.  The IPO is set to be the first in the United Arab Emirates since 2015.  UNB announced last November it was setting…

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