Al Ahlia Insurance receives Solidarity’s acquisition offer

Mubasher: Al Ahlia Insurance Company said Monday that it has received an offer from Solidarity Group Holding to acquire up to 100% of its issued and paid-up ordinary shares.

The offer stipulates a minimum acquisition of 51% of Al Ahlia Insurance shares, according to a bourse filing.

The stock was last traded at BHD 0.26% before suspending trading on 26 October.

Mubasher Contribution Time: 28-Nov-2016 08:40 (GMT)
Mubasher Last Update Time: 28-Nov-2016 08:40 (GMT)