Solidarity Bahrain BSC (SOLID)

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News

13 November 2019 01:14 PM Solidarity Bahrain’s profit surges 57% YoY in Q3-19

Mubasher: Solidarity Bahrain’s profit grew by 56.8% year-on-year during the third quarter of the fiscal year 2019. The company’s profit rose to BHD 607,000 ($1.61 million) in Q3-19, compared to BHD 387,000 ($1 million) in the year-ago period, …

Financial Results

14 May 2019 08:07 PM Solidarity Bahrain’s profit enlarges 29% YoY in Q1

Mubasher: Solidarity Bahrain’s profit went up 28.6% year-on-year to BHD 725,000 ($1.922 million) in the first three months of the fiscal year 2019. Revenue rose to BHD 4.07 million in Q1-19 versus BHD 3.99 million in the year-ago period, according …

Financial Results

16 April 2017 11:55 AM Al Ahlia, Solidarity merger to create biggest takaful firm

Mubasher: Al Ahlia Insurance said Sunday that the suggested merger with Solidarity Group Holding will result in forming the largest takaful company and one of the three leading top tier insurers in the Kingdom in terms of gross written premiums. …

Mergers and Acquisitions

1 March 2017 11:52 AM Al Ahlia Insurance suffers losses in Q4

Mubasher: Al Ahlia Insurance Co suffered losses of about BHD 419,780 ($1.11 million) in the fourth quarter of 2016 against profits of nearly BHD 37,190 ($97,910) in the same period of 2015. During fiscal year 2016, net profits of BHD 31,810 were …

Board of Directors

26 January 2017 06:58 PM Al Ahlia: Solidarity's acquisition date just an estimate

Mubasher: Al Ahlia Insurance - Bahrain on Wednesday stated that the date mentioned in a media report regarding the consolidation of Solidarity Group Holding's trade record after it acquired 71.4% of Al Ahlia is just an estimated time frame. …

Mergers and Acquisitions

28 November 2016 10:48 AM Al Ahlia Insurance receives Solidarity’s acquisition offer

Mubasher: Al Ahlia Insurance Company said Monday that it has received an offer from Solidarity Group Holding to acquire up to 100% of its issued and paid-up ordinary shares. The offer stipulates a minimum acquisition of 51% of Al Ahlia Insurance …

Mergers and Acquisitions

14 November 2016 11:06 AM Al Ahlia Insurance cuts Q3 losses by 84%

Mubasher: Al Ahlia Insurance Company trimmed its losses for the third quarter of fiscal 2016 by 84.2% to BHD 174,410 ($447,650), compared tom BHD 1.1 million ($2.82 million) for Q3-15. The company turned to profitably in the first nine months of …

Financial Results

26 October 2016 00:30 PM Solidarity plans to acquire Al Ahlia Insurance confirmed

Mubasher: Al Ahlia Insurance Company confirmed on Wednesday Solidarity Group Holding’s intention to make an offer to purchase up to 100% of the company’s issued and paid-up ordinary shares. Thus, trading on Al Ahlia’s shares will be suspended …

Mergers and Acquisitions

16 October 2016 02:22 PM Al Ahlia Insurance general manager resigns

Mubasher: Al Ahlia Insurance Company said Sunday that Fadi Nabih Khatib has resigned from his position as a general manger on Thursday, 13 October 2016. The company’s board of directors appointed Saminathan Veerapandian as an acting general …

Board of Directors

31 August 2016 10:03 AM Al Ahlia Insurance denies news report on stock valuation

Mubasher: Al Ahlia Insurance - Bahrain (AHLIA) denied reports citing any further steps regarding the Solidarity Group's acquisition of the insurance firm, according to a bourse filing on Wednesday. "We neither made any announcement to the Bahraini …

Mergers and Acquisitions

25 August 2016 11:04 AM Solidarity to run due diligence to acquire Al Ahlia Insurance

Muabsher: The board of directors of Al Ahlia Insurance approved that Solidarity Group Holding initiates a limited due diligence exercise. Earlier, Al Ahlia Insurance appointed an independent financial advisor to assess the letter of intent …

Mergers and Acquisitions

10 August 2016 11:01 AM Al Ahlia Insurance turns profitable in Q2

Mubasher: Al Ahlia Insurance Company posted on Wednesday a net profit of BHD 186,810 ($79,900) for the second quarter of the fiscal year 2016, versus net losses of BHD 19,030 ($50,110) for Q2-15. Net profit reached BHD 626,000 in the first half of …

Financial Results

24 February 2016 09:39 AM Al Ahlia Insurance Q4 profits tumble 90%

Mubasher: Al Ahlia Insurance posted 90% decline in net earnings for the fourth quarter of 2015. The net profits reached BHD 37,300 ($98,230) during the three months ended 31 December 2015, compared to BHD 376,000 ($990,250) in Q4-14. The insurer …

Financial Results

12 November 2015 11:08 AM Ahlia Insurance swings to losses in 9M

Mubasher: Ahila Insurance recorded BHD 659,110 in losses during the first nine months of 2015, against earnings of BHD 1.32 million in the same period of 2014. The insurer suffered losses of BHD 1.10 million in Q3-15, versus earnings of BHD …

Financial Results

9 August 2015 03:38 PM Al Ahlia net earnings down 38.5% in H1

Manama-Mubasher: Al Ahlia Insurance, a publically-traded firm in Bahrain, posted a 38.5% decline in net earnings during the first half of 2015. The net earnings reached BHD 712,113 in H1, compared with BHD 437,556 a year earlier. The insurer …

Company News

1 April 2015 00:22 PM Ahlia Insurance approves 40 fils/shr dividends

Bahrain-Mubasher: Ahlia Insurance shareholders gave a nod to the payment of cash dividends at 40% of capital or 40 fils a share, totalling BHD 2.44 million.Net earnings for the fiscal year 2014 reached BHD 1.7 million, dropping 32.6% compared with …

Company News

12 March 2015 10:53 AM Al Ahlia Insurance to discuss BHD 2.5m dividend March 31

Bahrain-Mubasher: Al Ahlia Insurance said it will hold an ordinary general meeting on March 31, at 11:00 am.Shareholders will look into the board's recommendation on paying cash dividend at 40% of issued and paid-up capital, or 40 fils per share, …

Financial Results

1 March 2015 10:09 AM Al Ahlia Insurance profit falls 32.6%

 Bahrain – Mubasher: Al Ahlia Insurance Co., listed on the Bahrain Bourse and the Abu Dhabi Securities Exchange (ADX), has reported a 32.6% drop in its net profit for 2014 to BHD 1.70 million ($4.47840 million) compared to a net profit of BHD …

Company News

13 November 2014 09:04 AM Al Ahlia Insurance net profit reaches BHD 1.32m in 9M

Mr. Fadi Al Khatib, Al Ahlia Insurance Company General Manager, announced the Company's financial results to Bahrain Bourse (BB), reporting a decline in net profit by 49% to BHD 1.32 million during the first nine months 2014, …

Financial Results

13 August 2014 01:02 PM Al Ahlia Insurance profit falls 67% in Q2

Al Ahlia Insurance has reported a net profit of BD712,112 for the second quarter as against BD2,155,646 for the same period last year, a fall of 67%. “The transient decline was due to the reduction in the actual …

Company News