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BKIC News

Latest from the BKIC News

BKIC achieves a Net Profit of BD 1.14 million in the 1st half of 2017

August 16 2017

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...

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BKIC records a net profit of BD 504,000 in 1st Qtr. of 2017 and 7% growth in Gross Premium

May 17 2017

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...

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“Bahrain Kuwait Insurance” improves it web services

August 21 2016

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....

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“Bahrain Kuwait Insurance” opens new Branch in Saar Mall

August 07 2016

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....

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BKIC net profit grows by 31% BD2.3 million in the first half of 2016

August 04 2016

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)....

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Bahrain Kuwait Insurance achieves 20% growth in Gross Premium and 54% in net profit in 1st Quarter 2016

May 05 2016

The Board of Directors approved the first quarter 2016 financials of the company in its meeting held on Thursday, May 5, 2016....

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The General Assembly of Bahrain Kuwait Insurance approves cash dividend of 30% of the paid-up capital to the shareholders

March 20 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....

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Board of Directors proposed a cash dividend of 30% BKIC records a net profit of BD 2.7 mn in 2015

February 21 2016

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....

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BKIC Achieved BD 2.2 million at the end of 3rd Quarter 2015

November 12 2015

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...

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