“Solidarity Bahrain” completes merger with “Al Hilal Life” and “Al Hilal Takaful”

Increasing its presence within the regional insurance coverage sector by getting into the Kuwaiti market.

Solidarity Bahrain, one of many largest insurance coverage firms within the Kingdom of Bahrain and a subsidiary of Solidarity Holding Group, has introduced the completion of the merger of Al Hilal Life and its subsidiary Al Hilal Takaful following approval from the Central. Financial institution of Bahrain and different related authorities.

Solidarity Bahrain stated in a press release yesterday that the merger comes inside the framework of Solidarity Bahrain’s strategic path, which is to increase its presence inside the regional insurance coverage sector by getting into the Kuwait market and opening new horizons for development that contributes to the expansion of life insurance coverage. Household Takaful Merchandise.

He added that the deal is the most recent in a collection of profitable mergers and acquisitions carried out by the corporate inside the state lately.

Solidarity Holding Group, the bulk shareholder of Solidarity Bahrain, has an extended observe file of merger and acquisition actions within the Kingdom and Territory of Bahrain, the Group’s pioneering expertise in mergers and acquisitions has helped Solidarity Bahrain obtain important success. That is the most recent consolidation.

The assertion quoted Solidarity Bahrain CEO Jawad Mohammed as saying: “We’re proud to include Al Hilal Life and Al Hilal Takaful into Solidarity Bahrain, reflecting our dedication to increase our presence domestically and regionally.”

He added: “This merger is in keeping with our company technique which goals to open new development horizons and strengthen our enterprise in life insurance coverage and household takaful merchandise. Hilal Life and Al Hilal Takaful’s experience, in a manner that contributes to “driving development and innovation and consolidating our place and management as an lively and positively influential entity within the insurance coverage sector”.