Takaful International Company B.S.C (TAKAFUL)

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News

21 June 2017 04:28 PM BKIC acquires 2.24m shares in Takaful International

Kuwait – Mubasher: Bahrain Kuwaiti Insurance Company (BKIC) announced on Wednesday the conclusion of the unconditional mandatory cash offer to acquire 2.24 million shares or 3.59% of the total shares of Takaful International. BKIC has deposited …

Mergers and Acquisitions

20 April 2017 00:44 PM BKIC mulls takeover of Takaful International

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 …

Mergers and Acquisitions

23 February 2017 11:00 AM Bahrain Islamic Bank confirms takeover news

Mubasher: Bahrain Islamic Bank confirmed on Thursday the news published on Mubasher Info website which said that the bank had signed a memorandum of understanding (MoU) with Bahrain Kuwaiti Insurance, which is listed on both Bahrain Bourse and …

Companies Investments

21 February 2017 10:48 AM Bahrain Kuwait Insurance raises stake in Takaful International to 64%

Kuwait – Mubasher: Bahrain Kuwait Insurance signed a memorandum of understanding (MoU) with Bahrain Islamic Bank to buy its full stake in Bahrain's Takaful International. The company, which is listed on Boursa Kuwait and Bahrain Bourse, said that …

Mergers and Acquisitions

21 February 2017 10:37 AM Takaful International turns to profits in Q4

Mubasher: Takaful International yielded profits of BHD 102,860 ($269,100) in the fourth quarter of 2016, against losses of BHD 963,150 ($2.5 million) in the year-ago period. During fiscal year 2016, the company posted profits worth BHD 4.3,290 …

Financial Results

9 November 2016 11:45 AM Takaful International turns to profitability in Q3

Mubasher: Takaful International reported on Wednesday a net profit of BHD 78,680 ($207,320) for the third quarter of fiscal 2016, versus a net loss of BHD 6,830 ($18,000) for Q3-15. Net profit for the first nine months of 2016 reached BHD 300,430, …

Financial Results

16 October 2016 00:51 PM Al Salam Bank, Takaful International to establish bank insurance firm

Mubasher: Al Salam Bank – Bahrain signed an agreement with Takaful International to establish a joint bank insurance company, according to a press release. Under the agreement, the bank will offer a number of Shariah-compliant insurance products. …

Companies Investments

4 August 2016 11:08 AM Takaful International’s Q2 profits down 24

Mubasher: Takaful International’s net profits for the second quarter declined by 24.4% in the second quarter of 2016, according to the unaudited financial results. Net profits thus reached BHD 174,000 ($458,200) in Q, compared with BHD 230,000 …

Financial Results

5 May 2016 00:51 PM Takaful International turns profitable in Q1

Mubasher: Takaful International yielded profits worth about BHD 136,000 ($37,000) during the first quarter of 2016, against losses worth approximately BHD 181,000 ($49,260) in the same period of 2015. During the fiscal year 2015, the company …

Financial Results

26 January 2016 02:56 PM Takaful International inks partnership deal with Takaud

Mubasher: Takaful International has signed a partnership agreement with Takaud, a savings investments, and pensions provider operating in the MENA region, to extend specialised services to the Islamic insurer, according to a bourse statement. The …

Companies Investments

11 November 2015 10:07 AM Takaful International 9M earnings decline to BHD 33,000

Mubasher: Takaful International posted net earnings of BHD 33,000 ($86,900) for the first nine months of 2015, falling 83% compared with BHD 195,500 ($514,500) a year earlier. Top line fell from BHD 17 million to BHD 15.8 million in the same …

Financial Results

21 September 2015 00:02 PM Takaful International to discuss financials 10 Nov

Mubasher: Takaful International will hold a board meeting on 12 November to consider the financial statements for the period ending 30 September, 2015. The financial statement of the Islamic insurance company in Bahrain showed earnings of BHD …

Financial Results

22 June 2015 00:15 PM Bahrain’s Takaful inks deal on damaged cars

Takaful International Company signed an agreement with Copart Bahrain to regulate the sale of damaged cars from traffic accidents through an auction. Copart is one of the leading international companies specializing in electronic automotive …

Company News

14 May 2015 11:12 AM Takaful International swings to losses in Q1

Bahrain-Mubasher: Takaful International posted net losses of BHD 195,000 ($517,000) in the first quarter of 2015, compared with BHD 100,000 ($265,000) in the same period a year ago.The insurance firm operates with BHD 6.25 million capital, divided …

Company News

5 April 2015 01:13 PM Takaful International nosedives after share sale

Bahrain-Mubasher: Takaful International stock plunged 42% to BHD 0.084 at 12:00pm Bahrain time.Nearly 28,000 shares changed hands through three trades at a total value of BHD 2.350.The downward trend came after the bourse on Sunday completed the …

Trading Activities

5 April 2015 11:57 AM Bahrain bourse completes selling 30% of Takaful Int'l

Bahrain-Mubasher: Bahrain Bourse on Sunday completed the sale of 18.84 million shares, representing 30% of Takaful International's capital, in an auction at BHD 100 fils each.The bourse earlier announced that the shares would be sold in a lump sum …

Mergers and Acquisitions

31 March 2015 11:07 AM Bahrain bourse to auction off 30% of Takaful Int'l

Bahrain Mubasher: The Bahrain Bourse will hold an auction on 5 April to sell 30% or 18.84 million shares of Takaful International's capital.The shares will be sold in a lump sum to one investor or an alliance of investors at a basis price of 100 …

Company News

29 March 2015 10:42 AM Al Muhannad Investment mulls divesting Takaful International

Bahrain-Mubasher: Osoul Investment, the legal liquidator of Al Muhannad Direct Investment Fund, plans to sell the fund's 10.79% stake in Takaful International at a minimum of 85 fils per share.The company said the shareholding is available for …

Company News

24 February 2015 00:44 PM Takaful International swings to losses in 2014

Cairo-Mubasher: Takaful International, a publically-traded company in Bahrain, incurred losses of BHD 843.7 thousand ($2.2 million) in 2014, against earnings of BHD 231.3 thousand ($609.7 million) a year earlier.The loss per share increased from …

Bankruptcy

21 January 2015 05:58 PM Takaful reschedules Board meeting

Takaful International Board meeting scheduled to be held on Monday, February 23, has been postponed to Thursday, February 26, according to the Company’s statement to the Bahrain Bourse (BB).The board will meet to review the financial results for the …

Company News

18 January 2015 03:32 PM Takaful shares auction sees no buyers

Bahrain Bourse (BHB) has announced that no buying requests were submitted to the shares of Takaful International, for the second auction in a row. Such auction has put up 18,840,341 shares for sale, with a minimum price of 115 fils per share, during …

Company News

11 January 2015 04:05 PM New Takaful auction date set

Bahrain Bourse has announced the new date for Takaful auction, which will put 18.84 million shares for sale, accounting for 30% of the company’s capital.   The buying …

Company News

5 January 2015 06:13 PM Takaful International sets annual fees

Bahrain-based Takaful International has announced fees sanctioned by its Shari’ah Supervisory Board for the financial year 2015.The company’s Wakala fee has been set at a maximum of 35% for gross contributions, according to a bourse …

Company News