trending Market Intelligence /marketintelligence/en/news-insights/trending/XsdiM3N4s-r7vrL65uH4uQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Bahrain Kuwait Insurance buys stake in Takaful International

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Bahrain Kuwait Insurance buys stake in Takaful International

Bahrain Islamic Bank BSC sold its 22.75% stake in insurer Takaful International Co. BSC to Bahrain Kuwait Insurance Co. BSC.

The 22.75% stake, amounting to 14,220,486 Takaful shares, was valued at 1.4 million Bahraini dinars. The acquisition brings Bahrain Kuwait's stake in Takaful International to 63.69% and triggers a requirement for a mandatory public offer for the remaining shares it does not own.

Securities & Investment Co. BSC (c) will serve as financial adviser to Bahrain Kuwait for the public offer.

Bahrain Kuwait is a unit of Kuwait-based Gulf Insurance Group KSCP.

As of April 4, US$1 was equivalent to 380 Bahraini fils.