Bahrain: Solidarity-BNH acquisition deal sealed

Source: Middle East Insurance Review | Feb 2025

Solidarity Bahrain and Bahrain National Holding Company (BNH) have signed the final sale and purchase agreement by which the former acquires the latter’s general and life insurance subsidiaries.

Both parties announced that they have signed the final agreement regarding Solidarity Bahrain’s acquisition of 100% of the shares of BNH’s wholly owned subsidiaries: Bahrain National Insurance Company (bni) and Bahrain National Life Assurance Company (bnl), for a total purchase price of BHD75m ($199.5m).

BNH announced details of the deal through a company disclosure lodged with the Bahrain Bourse on 9 January. The statement said that completion of the acquisition is subject to regulatory and supervisory approvals, including the approval of the Central Bank of Bahrain. M

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