Stock SOLID SOLIDARITY BAHRAIN B.S.C.
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Company Solidarity Bahrain B.S.C.

Equities

SOLID

BH0004659858

Property & Casualty Insurance

End-of-day quote Bahrain Bourse
Other stock markets
 06:00:00 2024-04-24 pm EDT 		5-day change 1st Jan Change
0.312 BHD -0.32% Intraday chart for Solidarity Bahrain B.S.C. -0.95% +0.65%
Feb. 21 Solidarity Bahrain B.S.C. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
2023 Solidarity Bahrain B.S.C. acquired Al Hilal Life B.S.C from Ahli United Bank B.S.C.. CI

Business Summary

Solidarity Bahrain BSC, formerly known as Al Ahlia Insurance Company BSC, is a Bahrain-based company, which provides a range of sharia’h compliant protection products. The Company operates through five segments: Non-motor segment, which includes fire, marine, general accident, liability and engineering lines of business; Motor segment includes insurance for motor vehicles; Life and medical expense cover; Group Life segment includes group life and credit life business, as well as Family Takaful, which includes long term, decreasing term and level term business. The Company also offers its services in Jordan, Saudi Arabia and Luxembourg. Solidarity Bahrain is a Subsidiary of Solidarity Group Holding.

Number of employees: 188

Sales per Business

BHD in Million2022Weight2023Weight Delta
Motor
44.6 %
14 47.4 % 13 44.6 % -4.10%
Medical
40.4 %
11 38.7 % 12 40.4 % +6.35%
Non-motor
13.1 %
3 11.2 % 4 13.1 % +18.70%
Group Life
1.9 %
1 2.2 % 1 1.9 % -13.47%
Family Takaful
0.1 %
0 0.4 % 0 0.1 % -83.33%

Sales per region

BHD in Million2022Weight2023Weight Delta
Bahrain
100.0 %
29 100.0 % 29 100.0 % +1.94%

Managers

Managers TitleAgeSince
Jawad Mohammed Sharab Hassan CEO
 Chief Executive Officer 54 76-08-16
Sanjeev Aggarwal DFI
 Director of Finance/CFO - -
Rashid Turk CTO
 Chief Tech/Sci/R&D Officer - 20-03-31
Jai Prakash Pandey PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Khalid Al-Mashani CHM
 Chairman - -
Mohsin Abdul Mohsen Al-Asfoor SHA
 Shariah Board Member - -
Ashraf Bseisu BRD
 Director/Board Member 56 -
Salman Al-Mahmeed BRD
 Director/Board Member - 23-03-20
Tariq Al-Aujaili BRD
 Director/Board Member - 23-03-20
Osama Bahar SHA
 Shariah Board Member - -
Abdul Nasser Al-Mahmood SHA
 Shariah Board Member - -
Anwar Murad BRD
 Director/Board Member - 23-03-20
Nawaf Al Hamar BRD
 Director/Board Member - 23-03-20
Ahmed Qassim BRD
 Director/Board Member - 23-03-20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 133,333,332 32,280,000 ( 24.21 %) 0 24.21 %

Shareholders

NameEquities%Valuation
Solidarity Group Holding BSC
75.75 %
101,003,982 75.75 % 84 M BHD

Company contact information

Solidarity Bahrain BSC

Seef Tower Road 2825, Block 428, Seef Area

, Manama

+973 1758 5222

http://www.solidarity.com.bh
address Solidarity Bahrain B.S.C.(SOLID)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Insurance - Automobile

Sales per Business

Sector Insurance - Automobile

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Insurance - Automobile
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