WTW Confirms Change in Ownership of Al-Futtaim Willis
Globe Newswire•01/10/2026•01:00 ET
0
Key Highlights
- ➤WTW (WTW) assumes full control of Al-Futtaim Willis after Al-Futtaim sells its 51% stake
- ➤UAE and Bahrain central banks approve Al-Futtaim Willis ownership change
- ➤WTW expands regional presence across the UAE, Bahrain, and Saudi Arabia
Expert Statements
Pamela Thomson-Hall, Head of International at WTW
“WTW’s investment strategy remains acutely focused on optimizing the company’s portfolio globally and pursuing scaled and high-growth broking businesses. This investment will enable us to wholly manage our businesses in Dubai and Bahrain going forward . It further strengthens our strategy and enables us to provide clients in the UAE and wider region with better access to our specialist expertise and global placement capabilities. It also enhances our ability to serve our global benefit management clients through a more consistent delivery approach.”
Eleni Lykoudi, Head of WTW CEEMEA
“This change in ownership structure complements WTW’s recent investments in the Kingdom of Saudi Arabia, where the company recently established insurance and reinsurance broking entities. The integration of AFW will allow our local, regional, and global clients to access WTW’s entire portfolio, enhancing our value proposition in the market. All of this speaks to WTW’s commitment to invest in the Middle East and our enhanced client service offering in the region.”
Regulatory approvals from the Central Bank of the UAE (United Arab Emirates) and the Central Bank of Bahrain complete the change in ownership of Al Futtaim Willis.
Complements broader regional expansion underway with growing presence in UAE and Saudi Arabia.
Get started
Create a free account to read the full story.