Solidarity Bahrain BSC (Seef Mall) – Arabian Business Directory

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Solidarity Bahrain B.S.C (“SB”), a subsidiary of Solidarity Group Holding B.S.C (closed) incorporated under the laws and regulations of the Kingdom of Bahrain. SB’s roots go back to 1976, with the establishment of one of the Kingdom’s earliest locally-domiciled composite insurance companies. Today, Solidarity Bahrain is one of the Kingdom’s leading insurers, and the largest Sharia-compliant insurance provider; and benefits from being a subsidiary of Solidarity Group Holding, which is the world’s largest Sharia-compliant insurance institution. The Company is distinguished by its ethical business approach, extensive range of products and solutions, and highly-experienced and well qualified team of professionals. Solidarity Bahrain is also noted for its innovative customer service initiatives. These combine the human touch with the latest InsurTech solutions that we have pioneered in the Kingdom.
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Solidarity launches exclusive insurance deals during Ramadan

Solidarity Bahrain one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding announced the launch of its exclusive Ramadan campaign. Running until April 30 this year the campaign presents an exceptional opportunity for customers to avail a wide range of motor home and travel insurance deals. Solidarity Bahrain values the diverse needs of its customers and aims to provide them with unparalleled deals during the holy month. With its Motor FlexiChoice add-ons customers can top up their existing insurance policy at BD27.5 and benefit from VIP services including airport drop-off taxi services for routine maintenance traffic inspection and emergency home assistance. Customers will also get a 15-day car replacement cover insurance against natural perils Saudi Arabia geographical extension and a windshield cover up to BD500. The offering is valid through all of Solidarity s channels. During the campaign period customers can also take advantage of a 15 per cent discount on Home and Travel insurance packages by using the promo code Ramadan24 across Solidarity Bahrain s self-service channels. Commenting on the launch of the campaign Solidarity Bahrain s senior manager for business development Jalal Aqelah said: In celebration of the holy month we are pleased to launch this year s Ramadan campaign with an extensive array of deals designed to meet the various insurance needs of our local community. Solidarity Bahrain is dedicated to delivering an unparalleled range of services through a variety of exclusive initiatives and campaigns throughout the year. We would like to encourage our customers to make use of our Ramadan offers with easy access through our digital platforms.

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Solidarity Bahrain shareholders approve 25% cash dividend

Shareholders of Solidarity Bahrain one of the largest insurance companies in Bahrain and a subsidiary of Solidarity Group Holding have approved the board of directors recommendation on the distribution of 25 per cent of cash dividend which is equivalent to 25 fils per share for the financial year ended December 31 2023. The announcement follows the annual general meeting of shareholders held yesterday in the company s office in Seef. It is worth noting that the above-mentioned cash distribution has been approved by the Central Bank of Bahrain. The meeting was chaired by vice chairman to the board of directors Salman Al Mahmeed and attended by the shareholders representatives from the Industry and Commerce Ministry Central Bank of Bahrain Bahrain Bourse and external auditors. The agenda of the annual general assembly commenced with reviewing and approving the minutes of the previous meeting along with the financial statements for the year ended December 31 2023. Mr Al Mahmeed said: Our constant achievements place Solidarity at a leading position in the insurance sector in Bahrain. As sector leaders we reaffirm our commitment to providing added value to shareholders and look forward to continuing to grow our performance over the coming years. Jawad Mohamed chief executive of Solidarity Bahrain said: We would like to extend our thanks and appreciation to the team for their dedication and constant effort that has enabled us to achieve many accomplishments during our journey of growth and development. We look forward to continuing to achieve strong financial results as well as achieving growth at all levels.

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Solidarity Group Holding’s achievements highlighted

Solidarity Group Holding one of the world s largest takaful groups held its ordinary and extraordinary general assembly meetings for the financial year ended December 31 2023. The meetings were chaired by vice-chairman of the board of directors Zayed Al Amin and attended by shareholders board of directors regulatory authorities external auditors and the chairman of the Sharia Supervisory Board. The annual general assembly meetings commenced with the approval of the agenda items along with the financial statements for the year ended December 31 2023. Commenting Mr Al Amin said: We are proud of the accomplishments we have achieved over the past year including the successful completion of Solidarity Bahrain s acquisition of Al Hilal Life and its subsidiary Al Hilal Takaful. The acquisition contributed to consolidating our leading position in the insurance sector and enhancing our shareholders confidence in us which improves the financial clarity of the combined entity overall. Group chief executive Ashraf Bseisu said: We are pleased to witness positive results of the meetings and the consistent support from the group s shareholders. We reaffirm our constant efforts to create sustainable value for our shareholders and are committed to providing innovative customer-focused takaful solutions whilst continuing to follow the growth and expansion approach to accomplish the strategic objectives of the group. Solidarity Group Holding holds a strong track record of performance and a solid presence in the takaful industry. The group s focus on innovation customer satisfaction and stakeholder value has helped the company establish itself as a leader in the market.

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Solidarity launches exclusive insurance deals during Ramadan

Solidarity Bahrain one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding announced the launch of its exclusive Ramadan campaign. Running until April 30 this year the campaign presents an exceptional opportunity for customers to avail a wide range of motor home and travel insurance deals. Solidarity Bahrain values the diverse needs of its customers and aims to provide them with unparalleled deals during the holy month. With its Motor FlexiChoice add-ons customers can top up their existing insurance policy at BD27.5 and benefit from VIP services including airport drop-off taxi services for routine maintenance traffic inspection and emergency home assistance. Customers will also get a 15-day car replacement cover insurance against natural perils Saudi Arabia geographical extension and a windshield cover up to BD500. The offering is valid through all of Solidarity s channels. During the campaign period customers can also take advantage of a 15 per cent discount on Home and Travel insurance packages by using the promo code Ramadan24 across Solidarity Bahrain s self-service channels. Commenting on the launch of the campaign Solidarity Bahrain s senior manager for business development Jalal Aqelah said: In celebration of the holy month we are pleased to launch this year s Ramadan campaign with an extensive array of deals designed to meet the various insurance needs of our local community. Solidarity Bahrain is dedicated to delivering an unparalleled range of services through a variety of exclusive initiatives and campaigns throughout the year. We would like to encourage our customers to make use of our Ramadan offers with easy access through our digital platforms.

Read More
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Solidarity Bahrain shareholders approve 25% cash dividend

Shareholders of Solidarity Bahrain one of the largest insurance companies in Bahrain and a subsidiary of Solidarity Group Holding have approved the board of directors recommendation on the distribution of 25 per cent of cash dividend which is equivalent to 25 fils per share for the financial year ended December 31 2023. The announcement follows the annual general meeting of shareholders held yesterday in the company s office in Seef. It is worth noting that the above-mentioned cash distribution has been approved by the Central Bank of Bahrain. The meeting was chaired by vice chairman to the board of directors Salman Al Mahmeed and attended by the shareholders representatives from the Industry and Commerce Ministry Central Bank of Bahrain Bahrain Bourse and external auditors. The agenda of the annual general assembly commenced with reviewing and approving the minutes of the previous meeting along with the financial statements for the year ended December 31 2023. Mr Al Mahmeed said: Our constant achievements place Solidarity at a leading position in the insurance sector in Bahrain. As sector leaders we reaffirm our commitment to providing added value to shareholders and look forward to continuing to grow our performance over the coming years. Jawad Mohamed chief executive of Solidarity Bahrain said: We would like to extend our thanks and appreciation to the team for their dedication and constant effort that has enabled us to achieve many accomplishments during our journey of growth and development. We look forward to continuing to achieve strong financial results as well as achieving growth at all levels.

Read More
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Solidarity Group Holding’s achievements highlighted

Solidarity Group Holding one of the world s largest takaful groups held its ordinary and extraordinary general assembly meetings for the financial year ended December 31 2023. The meetings were chaired by vice-chairman of the board of directors Zayed Al Amin and attended by shareholders board of directors regulatory authorities external auditors and the chairman of the Sharia Supervisory Board. The annual general assembly meetings commenced with the approval of the agenda items along with the financial statements for the year ended December 31 2023. Commenting Mr Al Amin said: We are proud of the accomplishments we have achieved over the past year including the successful completion of Solidarity Bahrain s acquisition of Al Hilal Life and its subsidiary Al Hilal Takaful. The acquisition contributed to consolidating our leading position in the insurance sector and enhancing our shareholders confidence in us which improves the financial clarity of the combined entity overall. Group chief executive Ashraf Bseisu said: We are pleased to witness positive results of the meetings and the consistent support from the group s shareholders. We reaffirm our constant efforts to create sustainable value for our shareholders and are committed to providing innovative customer-focused takaful solutions whilst continuing to follow the growth and expansion approach to accomplish the strategic objectives of the group. Solidarity Group Holding holds a strong track record of performance and a solid presence in the takaful industry. The group s focus on innovation customer satisfaction and stakeholder value has helped the company establish itself as a leader in the market.

Read More

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