Solidri Holding Group for the full payment of Murabaha financing at a value of 58 million Bahraini dinars with the Bank of Bahrain and Kuwait

Solidri Holding Group has announced. (Closed) for its full payment of the Murabaha Finance Convention at a value of 58 million Bahraini dinars concluded with the Bank of Bahrain and Kuwait, B.B., in the context of completing the basic stages of the structure of the acquisition of the group’s acquisition.

The Soliderri Group had concluded this agreement in April 2025 as a phased financing order that enabled it to acquire the Bahrain National Insurance Company. (Locked) from the Bahrain National Holding Company, “Bahrain National Holding”), on behalf of the main subsidiary of the group, Solidarti Bahrain.

This full payment came after the success of Bahrain Solidarti in the implementation of an increase in capital with a total value of 55 million Bahraini dinars, through the issuance of excellent shares (Tier 1 Capital) and permanent secondary debt tools (Tier 2 Capital). This funding allowed the company to complete the acquisition of the Bahrain National Insurance Company from the Solidrit Group, in preparation for the initiation of the integration process scheduled between the Bahrain National Insurance Company and the Bahrain National Life Insurance Company, B.B. (closed) with Solidari Bahrain, after obtaining pre -regulatory approvals.

On this occasion, Mr. Ashraf Bseisu, CEO of Solidarti Holding Group, stated: “We extend our sincere thanks to the Bank of Bahrain and Kuwait (BBK) for their cooperation and support for this deal, as the full payment of this financing is an important achievement that reflects the strength of the group’s financial position and its ability to implement pivotal strategic deals with high efficiency and in record time frameworks. This step is followed The success of the capital of Solidarti Bahrain and its acquisition of the Bahrain National Insurance Company, a milestone in the march of achieving our long -term strategic goals.

For his part, Mr. Yasser Al -Sharifi, CEO of the Bank of Bahrain and Kuwait Group, added: “We are pleased to cooperate with the Soliderri Holding Group in this prominent deal that reflects the bank’s commitment to providing financing solutions compatible with the provisions of Islamic Sharia and designed to meet the needs of our customers and partners. Regional and international.

He confirms the completion of this funding and the implications of the Bahrain National Insurance Company, the durability of the Solidari Group’s financial status and enhances its position as one of the leading institutions in the insurance sector at the region level.