Bahrain – Solidarity: Good results of merger
Saturday, 05 19 2018, Category: Insurance and Reinsurance, Country: Bahrain
The latest merger in the Bahraini insurance sector seems to have been successful. During the months that followed the merger between Solidarity-Bahrain and Al Ahlia Insurance, the new entity achieved a remarkable growth in revenues and profits.
The results of Solidarity-Bahrain, the new entity show that the new entity is more powerful. The revenues of Solidarity-Bahrain during the first quarter after the merger increased by 129.4% reaching BD 3.9 million compared to BD 1.7 million during the same period of year 2017.
In fact, the total premiums/contributions increased to BD 7.5 million compared to BD 4.1 million during the first quarter of year 2017.
Source: Al Bilad Press