The National Takaful Company, Watania, is all set to launch its Initial Public Offer on Monday in a bid to meet its financial obligations. Watania, Abu Dhabi-based Sharia compliant insurance company, is expected to raise Dh82.5 million from this IPO. Watania's Founders have subscribed to an aggregate value of Dh67.5 million shares.

The firm said in a statement, "The offer price for each share is fixed at Dh1 with an additional Dh0.05 as subscription fee per offered share."

Anastasios Dalgiannakis, head of trading at Mubasher Financial Services, said that IPO at this stage would be helpful for the market, especially for the new players in the insurance segment.

Rami Sidani, head of Middle East and North Africa (Mena) portfolio management at Schroders also echoed similar sentiments adding that companies having some reasonable valuation generally attract a large number of investors.

Meanwhile, insurance company, Insurance House is also mulling public listing of its shares in May in a bid to re-ignite capital market participation in the UAE.