Bahrain-based Islamic retail lender Ithmaar Bank said it has signed a MoU with largest Takaful group Solidarity to offer its premier members exclusive insurance rates.
With this deal, Ithmaar Premier members can now enjoy discount
Bahrain-based Solidarity Group Holding plans to explore strategic expansion options specifically in its target markets, the company's chairman said.
'The year 2011, which was the ninth successive one since the group comme
The Arab War Insurance Syndicate (Awris), which is headquartered in Bahrain, saw gross profit in 2010 reach $15.84 million compared to $15.79 million the previous year.
Total assets increased to $140.4 million from $128.5 million in 2009.
Solidarity Group Holding, a member of the Ithmaar banking group and one of the largest takaful companies in the world, has appointed Ashraf Bseisu as the acting chief executive officer. He was earlier the deputy CEO of Solidarity.
Bahrain-based Solidarity Group, a member of the Ithmaar banking group and one of the largest takaful companies in the world, was named Takaful Operator of the Year at the Gulf Insurance Awards Ceremony in Dubai.
The Gulf Insurance Awards,
Solidarity Group, a member of the Ithmaar banking group, has established a subsidiary in Egypt, Solidarity Family Takaful – Egypt SAE with a subscribed capital of EGP60 million ($11 million).
Operating from its headquarters in Cairo, Soli
Bahrain-based Solidarity Group Holding has elected a new board of directors with Khalid Abdulla Janahi as its chairman.
It also held an annual general meeting (AGM) at the Regency InterContinental Bahrain hotel.
Other members of t