Wednesday 07, May 2008 by

Morgan Stanley analyst bullish on regional Takaful industry

Morgan Stanley has initiated coverage on the Islamic Arab Insurance Co. (Salama) with price targets suggesting a potential upside of 32 per cent. The forecast recommends Salama as a rare opportunity for investors to gain exposure to the Takaful and reTakaful markets, which are expected to grow at least 20 per cent per annum for the next three to five years.

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