Subsequent to its annual review, A.M. Best Europe – Rating Services Limited affirmed the financial strength rating A- (Excellent) and the long-term issuer credit rating of “a-“ (Excellent) of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain) and its subsidiary Takaful International Company B.S.C. (gig-Bahrain Takaful), and the outlook for both ratings is stable.
Bahrain Kuwait Insurance Company (gig Bahrain) announced today the launch of its revamped mobile application gig-GO as well as their website www.gigbh.com that have been redesigned completely with new features and a seamless user experience.
Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) has announced its consolidated financial results for the half year ended 30th June 2021.
As part of its continuous endeavour towards human capital development in the Insurance industry, the Bahrain Institute of Banking and Finance (BIBF) announced the launch of its latest textbook entitled “Takaful: Technical and Operational Aspects”, in a strategic partnership with GIG Group, represented by three of its leading companies; GIG Takaful, GIG Bahrain and GIG Kuwait, to enrich the Insurance library with a specialised and comprehensive reference in Islamic Insurance (Takaful).
During its Annual General Meeting for the financial year 2020 held virtually via video conferencing on Monday 29th March 2021 at 10:30 am, with a quorum of 86.81%, Shareholders of Bahrain Kuwait Insurance Company (BSC) approved the Board of Directors’ recommendation to distribute a cash dividend of 15% equivalent to 15 fils per share amounting to BD 2,136,140 (excluding the treasury shares). The General Assembly also approved the rest of agenda items of this meeting. Also, the General Assembly approved to distribute Bonus shares of 4.89% of paid-up capital. This will increase the company’s paid-up capital to BD 15,000,000.
The Bahrain Institute of Banking & Finance (BIBF) is pleased to announce its partnership with Bahrain Kuwait Insurance Company (gig-Bahrain), a subsidiary of Gulf Insurance Group (GIG) which is the largest insurance Group in Kuwait, as it joins the corporate sponsorship project within the BIBF new iconic building at Bahrain Bay.
The Board of Directors of Bahrain Kuwait Insurance Company B.S.C. would like to invite the Shareholders to attend the Annual General and Extraordinary Meetings, which will be held on Monday 29 March 2021 at 10:30 am and 11:00 am consecutively, at Bahrain Kuwait Insurance Company premises in Seef District – Kingdom of Bahrain and via video conferencing. In the absence of quorum, a second meeting will be held on Monday 5 April 2021 at the same time and place. In the absence of quorum on the second date, a third meeting will be scheduled on Monday 12 April 2021 at the same time and place to discuss and adopt the agenda items below:
The consolidated results for the last three months ending 31st December 2020 registered a net profit attributable to the shareholders of BD 0.73mio compared to a net loss of BD 0.03mio during the same period of the previous year. Earnings per share during the 4th quarter was 5 fils compared to Nil in the same period of the previous year. The total comprehensive income attributable to shareholders increased by 93% from BD 0.741mio in 4th quarter 2019 to BD 1.430mio in the same period of the current year.
During its Annual General Meeting for the financial year 2019 held at the Company’s Head office in Seef District on Wednesday 25th March 2020, Shareholders of Bahrain Kuwait Insurance Company (BSC) approved the Board of Directors’ recommendation to distribute a cash dividend of 15% (BD 2,140,349) of the paid-up capital, excluding treasury shares. The General Assembly also approved the rest of agenda items of this meeting. Finally, the General Assembly approved the appointment of Mr. Khalid Saoud Alhasan, Shawqi Ali Fakroo, Dr. Emad Jawad Bukhamseen, Mr. Bijan Khosrowshahi, Mr. Thamer Ebrahim Arab and Mr. Mubarak Al Ayyar as representatives of the Board for the financial period (2020-2022). Also, the AGM approved the election of Mr. Murad Ali Murad , Mr. Hasan Mohamed Zainalabedin, Mr. Mohamed Ebrahim Zainal and Mohamed Ahmed Alrayes to this new Board for the same period.
Bahrain Kuwait Insurance Company B.S.C would like to announce the opening of the election for candidacy of four Board of Directors membership for a New Terms (2020 -2023). The election process will be carried out during the Annual General Meeting dated 25th March 2020.
Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Kuwait Bourse “BKIKWT”) announces its consolidated financial results for the financial year ended 31st December 2019 as follows: The results for the last three months ending 31st December 2019 registered a net loss of BD 31,000 compared to a profit of BD 342,000 during the same period of the previous year. Earnings per share during the 4th quarter was nil compared to 2 fils in the same period of the previous year. The total comprehensive income decreased by 10% from BD 819,000 in 4th quarter 2018 to BD 741,000 in the same period of the current year. The gross premium revenue increased by 2% from BD 32mn in the 4th quarter of 2018 to BD 32.8mn in the same period of the current year. The underwriting profit increased by 29%, from BD 112,000 to BD 144,000 in the 4th quarter of current year. The net investment income decreased by 21%, from BD 181,000 in the 4th quarter of the previous year to BD 143,000 in the 4th quarter of the current year.
Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announced its financial results for the nine months ended 30th September 2019. The company achieved a net profit attributable to the shareholders of BD 2.73 million, compared to BD 2.81 million in the previous year, registering a decrease of 3%. The company also achieved underwriting profits during the current period of BD 2.08 million, compared to BD 1.84 million of the same period last year, recording an increase of 13%. The gross premium revenue declined by 1%, from BD 49.6 million to BD 48.9 million in the same period this year. The total comprehensive income attributable to the shareholders reached BD 3 million during the current period compared to BD 1.9 million of the same period last year, registering an increase of 57%. The net income from investment increased by 7%, from BD 1.82 million in the first nine months of last year to BD 1.95 million in the same period this year. The Earnings per share were 19 fils compared to 20 fils last year.
Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announces its consolidated financial results for the half year ended 30th June 2019. The company achieved a net profit attributable to the shareholders of BD 2.1 million, compared to BD 1.7 million of the same period last year, with an increase of 22%. The underwriting profits increased by 26%, from BD 1.2 million in the first half of last year to BD 1.5 million in the first half of this year. The investment net income increased by 38%, from BD 1.2 million in the first half of last year to BD 1.6 million in the first half of this year. The total comprehensive income attributable to the shareholders reached BD 2 million during the current period compared to BD 1.5 million of the same period last year, registering an increase of 40%. The company achieved gross premium revenue of BD 34.3 million, compared to BD 35 million in last year, with a slight decrease of 2%. Basic Earnings per share were 14 fils during the current period compared to 12 fils of the same period last year.
Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announces its consolidated financial results for the three months ended 31st March 2019. The company achieved a net profit attributable to the shareholders of BD 794 thousands, compared to BD 1 million of the same period last year, registering a decrease of 24%. The company also achieved underwriting profits of BD 485 thousands during the current period, compared to BD 637 thousands of the same period last year, recording a decrease of 24%. The total comprehensive income attributable to the shareholders reached BD 758 thousands in Q1-2019 compared to BD 1.2 million in Q1-2018, registering a decrease of 39%. In the first three months, the company achieved a gross premium revenue of BD 17.6 million, compared to BD 16.9 million in the same period last year, recording a growth of 4%. The net investment net income increased by 9%, from BD 691 thousands in the first three months of last year to BD 752 thousands in the first three months of this year. The earnings per share were 6 fils in Q1-2019 compared to 7 fils in Q1-2018.
Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announces its consolidated financial results for the year ended 31st December 2018. The company achieved a net profit attributable to the shareholders of BD 3.2mn, compared to BD 2.6mn in the previous year, registering an increase of 22%. The company also achieved underwriting profits during the current period of BD 1.9mn, compared to BD 1.2mn of the same period last year, recording an increase of 66%. The company achieved a gross premium revenue of BD 81.6mn, compared to BD 59.5mn in the previous year, a growth of 37%. The total comprehensive income reached BD 2.9mn in 2018 compared to BD 2.8mn in 2017. The investment net income increased by 26%, from BD 1.6mn in 2017 to BD 2mn in the current year. The Earnings per share was 22 fils compared to 36 fils last year. It is worth noting that the paid up capital of the company was doubled to BD 14.3mn during 2018.
After the periodic review of the company’s business performance, A.M. Best International affirmed the financial strength rating A- (Excellent) and the long-term issuer credit rating of “a-“ of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain), and the outlook for both ratings is stable. In their press release, A.M. Best has confirmed that the rating reflects gig-Bahrain’s strong balance sheet strength, the strong operating performance as well as an appropriate enterprise risk management.
The Board of Directors of Bahrain Kuwait Insurance Company (BKIC) in its meeting on Wednesday 21st Feb’2018 approved the financial results for the year ended 31 December 2017 and decided to propose 25% of paid-up Capital (7,150,000) cash dividend equivalent to 25 fils per share, in addition to 100% bonus shares as announced earlier. The BOD also decided to increase the authorized capital from BD 10 million to BD 20 million.
Bahrain Kuwait Insurance Company’s Board has approved the financial results of the company for the period ended 30 June 2017 in its meeting held on Thursday, 10 August 2017. It should be noted that the consolidated financial statements include the financial statements of Takaful International “subsidiary”, the first Islamic insurance company in the Kingdom of Bahrain and the third largest in terms of gross premiums. In the first half of this year, Bahrain Kuwait Insurance acquired 26.35% of Takaful Intern...
Bahrain Kuwait Insurance Company Board approved the financial results of the company for the period ended 31st March 2017 in its meeting held on Thursday, 11th May 2017. The Board informed that the company registered a Net Profit of BD 503,845 in the first quarter of this year compared to BD 967,712 in the first quarter of last year. The reduction was mainly due to the increased claims in fire, medical and marine insurances in Bahrain and Kuwait and also due to the increase in unearned premium reserves...
Bahrain Kuwait Insurance Company (BKIC) has announced further improvements to its website (www.bkic.com). The improved website comes with a new look and added online services to provide our customers with an excellent and fast track services. This is an important step in the company’s digital and technological transformation, with the objective of making more services available in a modern, easy and precise process and at the highest levels of security....
BKIC has officially opened its new branch in Saar Mall in the Northern Governorate. Mr. Murad Ali Murad –Chairman of BKIC has cut the ribbon with the presence of the Vice Chairman, Mr. Khaled Al Hasan; the Chief Executive Officer, Mr. Ebrahim Al Rayes; and the executive management of BKIC and the management of Saar mall. Thus, the company has completed its presence in all governorates of the Kingdom....
The Board informed that the net profit in the first half of 2016 increased by 31% to BD 2.3 million compared with BD1.76 million in the first half of 2015. Technical profit registered a growth of 10%, from BD1.34 million to BD1.47 million and investment income increased by 37%, from BD936,000 in the first half of last year to BD1.28 million in the first half of this year net of provision for impairment (BD463,000)....
The Board of Directors approved the first quarter 2016 financials of the company in its meeting held on Thursday, May 5, 2016....
The General Assembly of Bahrain Kuwait Insurance Company approved at their meeting held at BKIC Headquarter in Seef District, Kingdom of Bahrain on Sunday, 20th March 2016, a cash dividend of 30% (BD 2,145,000) of the paid up capital to the shareholders....
Board of Directors, in their meeting held on Sunday, 21 February 2016, decided to propose to AGM, a cash dividend of 30% to the shareholders on the paid up capital of BD 7.15 mn, equivalent to 30 fils per share....
The Board of Bahrain Kuwait Insurance Company has approved the financials for the period ended September 30, 2015, at its meeting held on Thursday, November 12, 2015. The profit for nine months this year amounted to BD 2.2 million, compared to BD 3.7 million in the same period last year. It may be noted that the previous year profit included BD 1.5 million extraordinary profit from the sale of an investment property. Mr. Murad Ali Murad, Chairman of the Board, mentioned that the results achieved by the co...
The Board of Bahrain Kuwait Insurance Company has approved – on Thursday, 30th July 2015 –financials for the 6-month period ended 30th June 2015. The profit for the period amounted to BD 1.8 million, compared to BD 2.6 million for the same period last year. ...
The Chairman of the Board, Mr. Murad Ali Murad, announced that net profit for the first quarter ending 31 March 2015 was BD 627,000 as compared to BD 1.9 m for the same period last year. Last year profits included BD 1.5 m being non-recurring and one time gain on sale of investment property. ...
The General Assembly of Bahrain Kuwait Insurance Company approved at their meeting held at BKIC Headquarter in Seef District, Kingdom of Bahrain on Sunday, 8th March 2015 the cash dividend of 35% (BD 2,502,500) of the paid up capital to the shareholders....
Board of Directors, in their meeting held on Thursday, 12th February 2015, decided to propose to AGM, a cash dividend of 35% to the shareholders on the paid up capital of BD 7.15 mn, equivalent to 35 fils per share....
BKIC today entered in to an agreement with Copart Bahrain Auctions W.L.L.Copart is an international firm specializing in on-line auction of automobile salvage....
Bahrain Kuwait Insurance Company, as part of its commitment to train and provide senior posts for Bahrainis, Mr. Yousif Rostam ...
The Kingdom of Bahrain’s national carrier,Gulf Air,today announced a partnership withBahrain Kuwait Insurance Company (BKIC) givingthe insurance provider’scustomers the opportunity to earn Gulf Air Falconflyer miles...
After a periodic review of the company’s business, AM Best International recently affirmed the (A-) Credit Rating for Bahrain Kuwait Insurance Company...
Bahrain Kuwait Insurance Company, as part of its commitment to train and provide senior posts for Bahrainis,Mrs. Wedad Al-Wazzan ...
Mr. Murad Ali Murad, Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the company’s net profit for the period ended 30th September 2014 increased by 30%...
The new website of Bahrain Kuwait Insurance won the WebAward 2014 of the Web Marketing Association in the following two categories: Insurance Standard of Excellence and Financial Services Standard of Excellence....
Mr. Murad Ali Murad, Chairman of Bahrain Kuwait Insurance company (BKIC) announced ...
Mr. Murad Ali Murad, Chairman of Bahrain Kuwait Insurance company (BKIC) announced...
Bahrain Kuwait Insurance participated in the 30th Annual GCC Traffic Week under the slogan "Your Safety is Our Goal", which was held in Amwaj Island. ...
The General Assembly of Bahrain Kuwait Insurance Company approved at their meeting held on Wednesday.......
Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the Board of Directors in its meeting held on Sunday, 9th February 2014 has proposed a cash dividend of 30% ...
Mr. Ebrahim Al Rayes – CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company has achieved a net profit of BD 2.8 million for the nine-month period ended 30th September 2013, as compared to BD 3.1 million in the same period of 2012. ...
Bahrain Kuwait Insurance Company announces the promotion of its employees in the framework.....
Mr. Ebrahim Al Rayes - CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the net profit of the Company as at 30th June 2013......
Bahrain Kuwait Insurance Company announces the promotion of a number of its employees as per the plans of the company......
BKIC is pleased to announce the promotion of Mr. Sai gopal as Chief Underwriting Officer (C.U.O.) with immediate effect....
Bahrain Kuwait Insurance Company (BKIC) today conducted a Seminar on Construction Insurance at Hotel Regency Intercontinental, Manama......
Mr. Ebrahim Al Rayes – CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company has achieved a net profit of BD 914 thousands in Q1-2013 as compared to BD 917 thousands for the same period last year...
Bahrain Kuwait Insurance has recently launched the first-of-its-kind service in the local insurance market named...
Mr. Abdulla Buhindi Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the Board of Directors in its meeting held on Thursday...
Major achievements, innovations and excellence in the regional insurance industry were recognised at the 9th Annual Middle East Insurance Forum...
Manama, Bahrain: 05 February 2013: Major achievements, innovations and excellence in the regional insurance industry were recognised at the 9th Annual Middle East Insurance Forum (MEIF 2013) award ceremony held yesterday at the Gulf Hotel in the Kingdom of Bahrain. ...
Mr. Ebrahim Al Rayes, Chief Executive Officer of Bahrain Kuwait Insurance Company has announced that A.M. Best Europe...
Mr. Ebrahim Al Rayes CEO of Bahrain Kuwait Insurance Company (BKIC) announced that despite the slow wheel of development in Bahrain...
Mr. Ebrahim Al Rayes - CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company achieved net profit of BD 1.5 million...
Mr. Ebrahim Al Rayes - CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company achieved a net profit of BD 917 thousands...
Bahrain Kuwait Insurance has recently signed an agreement with ICICI Bank (Bahrain branch)...
Bahrain Kuwait Insurance Company (BKIC) got the approval to pay a 25 per cent cash and 10pc bonus share to shareholders at its annual general meeting yesterday. ...
Mr. Ebrahim Al Rayes, Chief Executive Officer of Bahrain Kuwait Insurance Company has announced BKIC has been assigned financial strength...
Mr. Ebrahim Al Rayes CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company has achieved ...
Mr. Ebrahim Al Rayes CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company achieved...
Bahrain Kuwait Insurance has recently signed an agreement with Kontra for the interior design and decoration of BKIC's...
BKIC hosted a function on 24th May 2011 at Golden Tulip Hotel to launch the company's new medical insurance product...
BKIC has opened its new branch in the Northern Governorate in Budaiya road....
Mr. Waleed Ahmed Mahmood, General Manager of Bahrain Kuwait Insurance Company (BKIC), has been elected an Associate of the Chartered Insurance Institute in the UK...
BKIC has recently announced the promotion of a number of its employees whose achievements and continuous contributions...
The shareholders of Bahrain Kuwait Insurance Company (BKIC) in its Annual General meeting held on Monday 28th February 2011...