Bahrain-based Solidarity Group Holding, the largest Takaful Group in the world, has announced the acquisition of a majority stake in Al Ahlia Insurance Company in a deal worth BD10.7 million ($27.8 million).
Founded more than 40 y
Bahrain-based Al Ahlia Insurance Company registered a 43 per cent growth in net profit during the first half of 2016 to BD626,001 ($1.66 million) compared with BD437,556 for the same period last year, reported the Gulf Daily News, our s
Al Ahlia Insurance Company has reported a net profit of BD349,111 ($925,999) for the first quarter of this year as against BD1.03 million for the same period last year.
"The transient decline was due to the reduction in the a
Bahrain-based Al Ahlia Insurance will retain a separate corporate and brand identity despite the proposed acquisition of controlling stake by Bahrain National Holding Group (BNH).
Al Ahlia chairman Sofyan Adnan Khatib said, on the
Bahrain-based Al Ahlia Insurance has reported an increase of 956 per cent in net profit at BD2.5 million ($6.5 million) for last year as against BD238,311 for the previous year.
The firm's profit from insurance operations for
Al Ahlia Insurance has reported a net profit of BD2.155 million ($5.68 million) for the first six months of 2013 as against a net profit of BD319,999 for the same period of last year, an increase of 574 per cent.
The firm's pr
Bahrain National Insurance Company (BNI), a subsidiary of Bahrain National Holding Company (BNH), is in negotiations for the acquisition of a majority stake in Al Ahlia Insurance Company, a report said.
A statement by BNI said bot
Al Ahlia Insurance Company was recently honoured by Oman’s Ministry of Manpower for its contributions to employment generation and Omanization drive.
The award function at Al Bustan Palace was presided over by Dr Yahya bin M
Bahrain-based Al Ahlia Insurance announced a net profit of BD585,065 ($1.6 million) for 2011 during the company's annual ordinary and extra-ordinary general meetings which also approved the financial report for the year.
The net earne