Solidarity Bahrain, a major insurer and part of Solidarity Group Holding, has successfully merged with Al Hilal Life and its subsidiary, Al Hilal Takaful. The merger has received all necessary regulatory approvals, including from the Central Bank of Bahrain. This strategic move aims to bolster Solidarity Bahrain’s presence in the regional insurance market, including an entry into the Kuwaiti market. Solidarity Group Holding, known for its robust M&A activities in Bahrain and across the region, considers this merger as part of its strategy to develop life and family Takaful products. The companies now aim to leverage their combined expertise to drive growth and innovation in the insurance sector.
Insurance, Mergers and Acquisitions,Bahrain, Kuwait
https://www.zawya.com/en/markets/equities/bahrain-solidarity-completes-merger-of-al-hilal-life-and-subsidiary-g965yrvo