Solidarity Bahrain, one of the largest insurance companies in Bahrain and a subsidiary of Solidarity Group Holding, has been named the ‘Fastest Growing Life Insurance Company in Bahrain’ at The Global Business Outlook Awards 2024.
This recognition underscores Solidarity’s leading industry position and its track record of successful Mergers and Acquisitions (M&A). Solidarity has also maintained a solid growth trajectory of Life business portfolio through its most recent acquisition of Al Hilal Life and its subsidiary Al Hilal Takaful.
Commenting on the achievement, Solidarity Bahrain chief executive Jawad Mohammed said: “We are proud to have been awarded this coveted recognition, which stands as a testament to our unwavering path of business development. With the recent acquisition of Al Hilal Life and Al Hilal Takaful, we strive to make strategic steps towards elevating our offerings and fortifying our presence in the sector. Our current M&A strategy has enabled us to expand into the local and regional market, thereby diversifying our services for a wider clientele.”
He added: “Solidarity has always been committed to empowering individuals with the tools they need to thrive. Our life insurance plans are designed to provide our clients with peace of mind and support them in achieving their savings goals. Solidarity’s Life policies help families safeguard their loved ones while building a solid financial foundation for future.”
He also added: “We would also like to extend our appreciation to all our hardworking team members at Solidarity Bahrain for their resilient efforts over the past year. We look forward to investing in further business endeavours towards a path of continued success and growth.”
The Global Business Outlook Awards aims to recognise and reward excellence in organisations around the world, honouring the work of a myriad of businesses in terms of performance, innovation and drive to create industry value.
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