Latest news with #EssamAlAnsari
Daily Tribune
14-04-2025
- Automotive
- Daily Tribune
Bahrain Kuwait Insurance Co., Takaful International Co. host Insurance brokers and intermediaries
Bahrain Kuwait Insurance Company (GIG Bahrain) and Takaful International Company (GIG Bahrain Takaful) hosted insurance brokers and intermediaries at their corporate lounges during the Formula 1 Gulf Air Bahrain Grand Prix 2025 at the Bahrain International Circuit (BIC). The exclusive lounge experience brought together partners and senior executives for a weekend of excitement and premium hospitality, as both companies proudly hosted their guests for the third year in a row. The vibrant atmosphere of the Formula 1 weekend provided the perfect setting to network, celebrate achievements, and exchange ideas. Dr. Abdulla Sultan, Chief Executive Officer of Bahrain Kuwait Insurance Co., highlighted the significance of the gathering, stating 'This gathering reflects our commitment to strengthening relationships with our valued partners in the brokerage community. The Formula 1 event serves as an ideal platform to celebrate our shared success and future ambitions.' Mr. Essam Al Ansari, Chief Executive Officer of Takaful International Co. , added: 'We are honored to host our insurance brokers and agents at one of the region's most prestigious sporting events. This engagement underscores our ongoing dedication to fostering collaboration and deepening the trust we share with our key partners. Our brokers and agents are not just intermediaries; they are essential contributors to our business strategy and long-term success.' The guests also expressed their great appreciation for this unique opportunity, only offered by the companies which is something not unusual for such a regional powerhouse.
Daily Tribune
25-03-2025
- Business
- Daily Tribune
Takaful announces 12.5% cash dividend for 2024
Takaful International Company held its Annual General Meeting (AGM) yesterday at the company's headquarters in Seef Area with a quorum of 88.12%, and in the presence of representatives of the relevant regulatory authorities. The General Assembly approved the company's financial results for the year ended December 31, 2024, which were announced earlier this year: (Net profit of BD1.65m compared to BD 1.513m in the previous year, an increase of 9%, and shareholders' net profit of BD 1.334m compared to BD 937k in the previous year, and a corresponding earnings per share of 15.7 Fils compared to 11.03 Fils in the previous year). The shareholders have also approved the distribution of cash dividends of 12.5% an equivalent of BD 1,062,500 (12.5 Fils per share), to the shareholders whose names are on the share register on the record date. Ebrahim Al Rayes, Chairman of the Board of Directors, stated that the combined ratio for this year has witnessed a significant improvement due to the company's continuous efforts in efficiently managing operational and technical expenses, in addition to implementing effective cost-saving initiatives and enhancing financial efficiency. 'These measures have contributed to improving overall performance and strengthening the company's financial position. Furthermore, the company's credit rating was reaffirmed at A- (Excellent) by A.M. Best, underscoring its financial strength and ability to meet its obligations. We remain committed to delivering customer-centric services, leveraging technology to enhance their experience. Additionally, we will continue to optimize our investments to achieve sustainable and profitable growth, setting leading standards in the Takaful sector. Looking ahead, we aspire to achieve further milestones and growth in the coming years, driven by teamwork, innovation, and a steadfast commitment to creating lasting value for all stakeholders,' he said Essam Al Ansari, Chief Executive Officer, stated that the company made significant progress last year and that these results reflect the company's ability to maintain financial stability despite the challenges facing the insurance market. He said, 'The company is committed to meeting the expectations of its shareholders, policyholders, and all stakeholders. It has always prioritized fostering long-term relationships and delivering the highest level of service. Through financial discipline and well-considered strategic decisions, we see a promising future ahead and are preparing to achieve further progress in the coming years. Guided by a clear vision and a cohesive strategy, we aim to create sustainable value for all stakeholders, including customers, shareholders, partners, and employees. As part of our commitment to sustainability, we integrate Environmental, Social, and Governance (ESG) principles into our operations to ensure a lasting positive impact.'
Daily Tribune
11-03-2025
- Business
- Daily Tribune
Zain Bahrain partners with Takaful International
Zain Bahrain, a leading telecom provider in the Kingdom, has recently collaborated with Takaful International Company, one of the pioneering Islamic Insurance providers in the region, to expand its portfolio and offer new affordable, comprehensive insurance solutions to its customers, in addition to its current offerings of mobile insurance and extended warranty. Through this collaboration, Zain Bahrain customers will now have access to a range of exclusive benefits when purchasing insurance products through Zain App. Mohammed Zainalabedin, Zain Bahrain's Managing Director, commented: 'We aim to provide our customers with affordable, comprehensive, and accessible insurance options that add value to their daily lives. This collaboration is just the beginning, and we are excited about future developments with Takaful, including the launch of travel insurance, home insurance, and accidental damage coverage in the upcoming months.' On his part, Mr. Essam Al Ansari, Chief Executive Officer of Takaful International Co., added, 'This collaboration represents a significant milestone in our mission to provide accessible and innovative Takaful solutions that cater to the evolving needs of today's consumers. By combining our expertise in Islamic insurance with Zain Bahrain's telecom capabilities, we are offering an integrated, customer-focused experience that brings peace of mind to our policyholders.' The partnership reflects both companies' commitment to offering innovative, customer-centric solutions in the market. With the introduction of motor insurance, Zain Bahrain continues to expand its role as a comprehensive service provider, integrating telecommunications, mobile insurance, and now automobile insurance into a seamless customer experience.
