Solidarity has introduced the profitable completion of the merger of Al Hilal Life and Al Hilal Takaful

Solidarity Bahrain, Bahrain’s largest insurance coverage firm and a subsidiary of Solidarity Holding Group, proclaims the merger of Al Hilal Life BSC (c) and its subsidiaries with Solidarity Bahrain. After acquiring approval from the Central Financial institution of Bahrain and different related authorities, B.S.C.

The merger is a part of Solidarity Bahrain’s strategic route, which is to develop its presence within the regional insurance coverage sector by coming into the Kuwaiti market and usher in new horizons for development that contribute to the event of life insurance coverage and household takaful merchandise.

The deal is the most recent in a sequence of profitable mergers and acquisitions of firms throughout the state in recent times. It’s value noting that Solidarity Holding Group, the bulk shareholder of Solidarity Bahrain, additionally has a protracted monitor report of merger and acquisition actions within the Kingdom and Territory of Bahrain. The Group’s main expertise in mergers and acquisitions has helped Solidarity Bahrain obtain vital success with this newest merger.

On the event of the merger, Solidarity Bahrain CEO Jawad Mohammed commented: “We’re proud to have Al Hilal Life and Al Hilal Takaful be a part of Solidarity Bahrain, reflecting our dedication to develop our presence regionally and regionally. This merger is consistent with our company technique which goals to unlock new development horizons and improve our enterprise in life insurance coverage and household takaful merchandise. We’re all the time trying ahead to switch and combine our experience and profit from the celebrated experience of Al Hilal Life and Al Hilal Takaful within the native insurance coverage market, in a means that contributes to development and innovation and consolidates our place and management as one. Energetic and constructive influential entity within the insurance coverage sector.”