The Central Bank of Bahrain (CBB) has granted KFH Takaful Insurance Company a licence to provide insurance services in Bahrain.
The licence is for Kuwait-headquartered KFH Takaful to open a branch, according to a report by the online news platform, Al Bilad Press.
KFH Takaful was established as a closed joint-stock takaful company in 2007 with an authorised capital of KWD10m ($32.6m).
According to a fact sheet posted on the CBB website, there are 30 insurance companies in Bahrain, 21 of which are locally incorporated.