Middle East’s Al-Futtaim Group sells majority stake in insurance broker to WTW

The joint venture Al-Futtaim Willis has been in operation for five decades and is based in Dubai and Bahrain; after securing a reinsurance broking license in Saudi Arabia, WTW is continuing its expansion in the region.

Andrew Tjaardstra

May 06, 2025

Middle Eastern conglomerate has sold its 51% stake in United Arab Emirates (UAE)-based insurance broker Al-Futtaim Willis to its joint venture partner, of 50 years, global broking firm WTW, for an undisclosed amount.

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