Thursday 06, April 2017 by Jessica Combes

BKIC mandatory offer for Takaful International

Bahrain Kuwait Insurance Company BSC’s (BKIC) acquisition of 14,220,448 of Takaful International Company resulted in a total shareholding of 63.69 per cent of the company.

Following the acquisition, the Board of Directors received notice from BKIC stating its intention to give a mandatory offer to the shareholders of the remaining 36.31 per cent, under the terms of the Takeovers, Mergers & Acquisition (TMA) Module of the Central Bank of Bahrain Rulebook 6.

The company will follow the rules set out therein and commence the required procedures as soon as the official Mandatory Offer Circular has been received from BKIC.

  

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