Saturday 12 July 2014
Social Insurance Organisation

Bahrain's SIO launches property management unit

The Social Insurance Organisation (SIO) has launched a new development company, Amlak, to manage the long-term sustainable growth of its real estate portfolio. Amlak, a subsidiary of the SIO, will focus on maintaining optimal risk


BisB eyes growth after stake buy by NBB

Bahrain Islamic Bank (BisB) is looking towards rebounding to profitability and growth in a short time, following the strategic stake acquisition by National Bank of Bahrain and Social Insurance Organisation (SIO), a senior official said.


Bahrain raises minimum pension to $730

The least pension paid to the retired from the public and private sectors in Bahrain starting August 28 will be BD275 ($730), which includes the newly launched BD75 monthly allowance, said a senior official. This would be an increase from


Bahrain SIO swings to profit

Bahrain's Social Insurance Organisation (SIO) has posted a remarkable turnaround in its financial results with a profit of BD34 million last year compared to a BD126 million loss in 2008. SIO is the government body, which handles pensi


New firm to manage Bahrain's SIO assets

Bahrain's Social Insurance Organisation (SIO) is to set up a company to manage its assets worth BD3 billion ($8 billion), it has been revealed. The new asset management company will be supervised by the Central Bank of Bahrain (CBB), s


BBK on a major expansion drive

BBK, one of the largest retail banks in Bahrain, is pushing ahead with a major expansion strategy that will see it expand overseas, launch its own Islamic bank and move into equity investment. The bank is undergoing a strategic transformat


Bahrain social insurance assets hit $8bn

The  total assets of Bahrain's Social Insurance Organisation's (SIO) are now valued at BD3 billion ($8 billion), it was revealed. The assets mark investments from both the General Organisation for Social Insurance (Gosi) and the Pens

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