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Solidarity Bahrain to acquire Al Hilal Life and Al Hilal Takaful

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Magazine Issue: 
Reinsurance and resilience [3]
Magazine date: 
Nov 2023

Solidarity BahrainSolidarity Bahrain, a subsidiary of Solidarity Group, has signed an agreement with Ahli United Bank (AUB) to acquire its entire stake in the insurer Al Hilal Life and its subsidiary Al Hilal Takaful.

The agreement, which was concluded on 16 October 2023, is still pending the approval of the Central Bank of Bahrain and the other parties involved.

This transaction is Solidarity Bahrain's 3rd acquisition, after acquiring T'azur Company [4] in 2021 and Al Ahlia Insurance [5] in 2017.

Fri, 03/11/2023 - 14:11

Source URL: https://www.atlas-mag.net/en/category/pays/bahrein/solidarity-bahrain-al-hilal-life-al-hilal-takaful

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-205-november-2023
[4] https://www.atlas-mag.net/en/article/merger-between-solidarity-bahrain-and-t-azur
[5] https://www.atlas-mag.net/en/article/solidarity-acquires-a-majority-stake-in-al-ahlia