Solidarity Bahrain BSC
BBHB:SOLID0.40
BHD
0.00
(0.00%)
Solidarity Bahrain BSC
BHB:SOLID
(Bahrain Stock Exchange)
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0.40
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div
yld
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ROIC.AI
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- Business
- Solidarity Bahrain B.S.C. is a Bahrain-based financial services provider that offers Sharia-compliant insurance (Takaful) and reinsurance solutions to retail, commercial, and institutional clients. Founded in 1976 and headquartered in Manama, Kingdom of Bahrain, the company operates as the flagship operating subsidiary of Solidarity Group Holding B.S.C. (c). Solidarity Bahrain organizes its business activities across multiple specialized underwriting and service segments: Motor Takaful, providing comprehensive motor coverage, third-party liability, agency repair coverage, courtesy vehicle benefits, and 24/7 roadside assistance; Medical and Health Takaful, delivering group healthcare schemes for corporate workforces, individual and family health plans, dental, optical, maternity care, and international emergency medical assistance; Commercial and General Takaful, providing property and fire insurance, business interruption, contractor's all risks, erection all risks, machinery breakdown, general accident, public and product liability, employer's liability, directors and officers liability, professional indemnity, banker's blanket bonds, and cyber risk protection; Marine and Aviation Takaful, covering marine cargo, marine hull and machinery, freight liability, and aviation hull and liability risks; Family Takaful and Life Solutions, comprising individual and group life insurance, credit life protection, term life, child education savings schemes, retirement plans, personal accident, and domestic helper coverage; and Digital InsurTech Services, offering automated policy issuance, online renewals, digital claims tracking, and mobile self-service management. In recent corporate developments, Solidarity Bahrain completed the landmark acquisition and consolidation of Bahrain National Insurance Company (BNI) and Bahrain National Life Assurance Company (BNL), significantly increasing its domestic market share to over 35 percent. The company also finalized the operational integration and merger of Al Hilal Life B.S.C. (c) and Al Hilal Takaful B.S.C. (c) to expand its life takaful and bancassurance distribution networks, acquired a 29 percent strategic equity stake in Dubai-listed Alliance Insurance PSC to support regional expansion across the Gulf Cooperation Council (GCC), and broadened its InsurTech infrastructure through the deployment of AI-driven claims automation and video-assisted surveying capabilities.