Monday 8 February 2016
 
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BKIC

BKIC boost as ratings affirmed

Ratings agency AM Best International has affirmed the financial strength rating A- and the issuer credit rating of “a-” of Bahrain Kuwait Insurance Company (BKIC), with stable outlook for both ratings. In a statement, AM Best said

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BKIC posts $5.78m profit despite challenges

Bahrain Kuwait Insurance Company (BKIC) has reported a profit of BD2.2 million ($5.78 million) for the first nine months this year, compared with BD3.7 million in the same period last year. The company said in a statement that the

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BKIC posts $4.8m profit for H1

The Bahrain Kuwait Insurance Company (BKIC) has registered a profit of BD1.8 million ($4.77m) in first half this year, reported the Gulf Daily News, our sister publication. To read further,

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BKIC reports Q1 net profit of $1.65m

Bahrain Kuwait Insurance Company (BKIC) reported a net profit of BD627,000 ($1.65 million) for the first quarter of this year, compared to BD1.9 million ($5 million) for the same period last year. Announcing the results chairman M

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BKIC raises stake in Takaful to 40.9pc

Bahrain Kuwait Insurance Company (BKIC), the kingdom's largest insurer, has raised its stake in local peer Takaful International to 40.9 per cent, a move that could herald the start of wider consolidation in the sector. Last w

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BBK plays key role in Takaful International stake sale

Bank of Bahrain and Kuwait (BBK) has announced it executed a large trade on the Bahrain Bourse on behalf of a client through its division - BBK Brokerage Services. Bahrain Kuwait Insurance Company (BKIC) has taken a 10.7 per cent

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BKIC takes stake in Takaful International

Bahrain Kuwait Insurance Company, the kingdom's largest insurer, has taken a 10.8 per cent stake in local firm Takaful International, becoming its fifth largest shareholder. BKIC bought 6.7 million shares of Takaful Internatio

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BKIC ‘open to M&A’ to expand footprint in GCC

Bahrain Kuwait Insurance Company (BKIC) is open to mergers and acquisitions to expand its brand footprint across the GCC region, the company's chief executive has said. Ebrahim Al Rayes told the Gulf Daily News (GDN),

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BKIC net profit up 15pc to $11m in 2014

Bahrain Kuwait Insurance Company (BKIC) has reported a net profit of BD4.2 million ($11 million) for last year, an increase of 15 per cent over BD3.7 million in 2013, a report said. Out of this, BD2.96 million (BD3.32 million in 2

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Gulf Air-BKIC in key Falconflyer miles tie-up

Bahrain’s national carrier Gulf Air has announced a key partnership with Bahrain Kuwait Insurance Company (BKIC). It will give the insurance provider's customers the opportunity to earn Gulf Air Falconflyer miles when pu

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