Bahrain: Solidarity Bahrain secures Central Bank approval to acquire Bahrain national units

Source: Middle East Insurance Review | May 2025

Solidarity Bahrain has received the Central Bank of Bahrain’s final approval for the acquisition of Bahrain National Insurance Company (BNI) and Bahrain National Life Company (BNL) for a total purchase price of BHD75m ($199m) in cash.

The approval for BNL relates to the company’s direct acquisition of 100% of its share capital, while the approval for BNI relates to the acquisition of 100% of its share capital by the company’s majority shareholder, Solidarity Group Holding.

The deal now only remains subject to final approval by the Ministry of Industry and Commerce in respect of the share transfer and completion of related formalities.

The completion of the transaction is expected to have a positive impact on Solidarity Bahrain’s consolidated financial position by enhancing scale, operational efficiencies, and market leadership across both general and life insurance sectors, thereby supporting long-term growth and profitability. M

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