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 stake in local firm Takaful International, becoming its fifth largest shareholder, said a report in the Gulf Daily News (GDN), our sister publication.

BKIC bought 6,742,504 shares of Takaful International valued at $1.52 million from Kuwait's Osoul Investment Company.

BBK chief executive A Karim Bucheery said such transactions reinforce the bank's top brokerage services position at the Bahrain Bourse. - TradeArabia News Service