Mubasher: Bahrain Kuwait Insurance (BKIC) intends to purchase the remaining stake in Takaful International.

The stake accounts for 36.31% of the ordinary issued and paid-up shares, according to a bourse statement issued on Thursday.

The total value of the acquisition deal stands at BHD 2.16 million or 95 fils per share.

The remaining stake in Takaful accounts for 22.69 million shares of a total 62.5 million.