WTW takes full control of Al-Futtaim Willis after Al-Futtaim sells 51% stake
WTW•WTW took full control of the UAE-based Al-Futtaim Willis joint venture after Al-Futtaim sold its 51% stake, covering operations in Dubai and Bahrain.
1. Ownership change
WTW took full control of Al-Futtaim Willis after Al-Futtaim sold its 51% stake in the UAE-based joint venture. The change covers its Dubai and Bahrain operations, which will be managed solely by WTW.
2. Middle East expansion
The move supports WTW’s Middle East expansion, building on recent investments to establish insurance and reinsurance broking entities in Saudi Arabia. Integration is expected to broaden client access to WTW’s specialist expertise and global placement capabilities, and provide a more consistent benefit management delivery model.
