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MENAFN - 24/03/2010

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(MENAFN) The Chief Executive of Bahrain National Holding (BNH), the parent company of Bahrain National Insurance and Bahrain National Life Assurance, said that the company is planning to invest 21.22 million this year in further expansion, BNA reported.

He pointed out that the company is looking to move into the takaful Sharia-compliant market, though it will remain committed to its core insurance business where it holds about 20 per cent of the market share in Bahrain.

BNH also plans further regional expansion on the back of its recent investment in Saudi-based Arabian Shield, he added.

In view of the group's continued profitable operations and marked achievements, the board recommended a cash dividend of 20 percent on paid-up capital, amounting to 5.6 million.

 






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