Mubasher: Al Ahleia Insurance has increased its stake in Trade Union Insurance Company, a closed entity that is not listed on Bahrain Bourse (BHB).
The Boursa Kuwait-listed company has raised its stake in the Bahraini firm by 36.99% to 57.94% from 20.95%, this increase represents 15.64 million shares.
Al Ahleia Insurance noted in a bourse statement on Monday that this rise in the stake will not have an impact on the company’s financial position in the current time.
The expected impact will be determined once the income statements are consolidated and collected late 2018.
