NLGIC is expected to execute the transaction for the 100-per cent acquisition of RSA Middle East in two parts. In first part, it will acquire 50 per cent shareholding in RSA Middle East from Sun Alliance Insurance Overseas Ltd, a fully-owned entity of RSA Insurance Group. In second part of the transaction, NLGIC will exchange the remaining shares of RSA Middle East, owned by reputable Saudi shareholders, for new shares to be issued by NLGIC.